Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, sea plane service, shopping centres, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Professionally managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential.
Data was last updated August 12, 2026 at 07:30 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$1,039,500
Min list price:
$46,900
Max list price:
$5,999,900
Avg days on market:
79
Min days on market:
12
Max days on market:
259
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.