My Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 901448
- Year Built:
- 1962
- Photos (88)
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RARE OFFERING - MULTI-FAMILY WATERFRONT - Long Lake walk-on investment opportunity with private dock & potential further development! Rare offering of a beautiful private fully tenanted, city serviced 1.06 acre multi-family building & separate 1200sqft rancher. The property offers 2 onsite coin operated laundry rooms, common area storage, parking for tenants & guests & unobstructed lake views from the 2 story waterfront building. Each unit is fully self contained with private patios or decks, fridge, stove & all tenants share the common area dock, boat/water toy shed, lakeside deck, fire pit, community garden & beachfront. Long Lake offers bass & trout fishing, water skiing, jet skiing, kayaking, paddle boarding, swimming & seaplanes. Shopping, dining & public transportation are within a 5 minute walk.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Year built:
- 1962 (Age: 60)
- Lease Type:
- Sale Of Shares
- Listing General Location:
- Na Uplands, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 1.06 acre(s)
- Taxes:
- $10,816 / 2021
- Building Features:
- Bike Storage, Laundry Room, Parking, Shopping Nearby, Storage Room, Transit Nearby, Workshop
- Construction:
- Vinyl Siding
- New Construction:
- No
- Foundation:
- Slab
- Electricity:
- Yes
- Number of Storeys:
- 2
- Floor finish:
- Mixed
- Leasable Area:
- 7,500 sq. ft.
- Commercial Area:
- Other
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Equip/Machinery, Fixtures, Parking, Real Estate, Supplies, See Remarks
- Balcony, Balcony/Deck, Balcony/Patio, Fencing: Partial, Garden, Lighting, Wheelchair Access, See Remarks
- Mountain(s), Lake
- Lake Front
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- The seller may consider carrying some financing at 5% interest if seller remains on title.
- Assessed:
- 1881000.0
- Assessment year:
- 2022
- Gross Income:
- 93156.0
- Net Operating Income:
- 71688.61
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- LOT 4, SECTION 5, WELLINGTON DISTRICT, PLAN 13113 and Lot 4 Plan VIP13113 Section 5 Land District 58 FORESHORE FRONTING ON LONG LAKE - PRIVATE MOORAGE
- Zoning:
- R1
- Legal Non-Conformance:
- Yes
- Units in Building:
- 6
- Units in Community:
- 6
- Occupancy:
- Tenant
- Property Condition:
- Updated/Remodeled
- Utilities:
- Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Available, Phone Available, Recycling
- Lot Site Features:
- Acreage, Adult-Oriented Neighbourhood, Central Location, Dock/Moorage, Easy Access, Foreshore Rights, Landscaped, Marina Nearby, Near Golf Course, Park Setting, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Walk on Waterfront
- Parking Features:
- On Site
- Total Parking Spaces:
- 12
- Road Frontage Type:
- Marine
- Road Surface Type:
- Paved
- Total Units:
- 6
- Date Listed:
- Apr 28, 2022
- Original Price:
- 3199000.0
-
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Virtual Tour
Data was last updated May 20, 2022 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 80
- Avg list price:
- $1,008,000
- Min list price:
- $88,000
- Max list price:
- $18,900,000
- Avg days on market:
- 62
- Min days on market:
- 4
- Max days on market:
- 562
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
- Sandy Clark Personal Real Estate Corporation
- Royal LePage Coast Capital Realty
- 250-668-9878
- vancouverislandproperty@gmail.com
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