CABCNanaimoHarewood438 Wakesiah Ave
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438 Wakesiah Ave, Nanaimo, BC

House

For Sale

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0017

MLS® 1030328

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $37,843
Days Active 19
Lot Size 
Approx. Age 
MLS® Number 1030328

Property Address: 438 Wakesiah Ave, Nanaimo, BC, V9R3K8

Average square foot calculated using Size range provided by listing agent.

Description

Prime Student Housing Investment with Licensed Inn Component – Ideally located directly across from VIU, this property offers a rare opportunity to own a stable, income-producing asset in one of Nanaimo’s most desirable rental locations. It features 25 units (13 single-bed & 12 double-bed), totaling 37 beds, with consistently strong occupancy driven by reliable student demand. Its prime location supports steady, recession-resistant income & long-term rental stability. A key highlight is the approved inn license, allowing up to 12 rooms for short-term rental use. This flexible hybrid model provides excellent upside—maintain stable income from student rentals while increasing returns through short-term accommodation, especially during summer months. Built with durability, 15 rear parking stalls, lane-access parking. Close to all amenities, further enhancing tenant appeal. Stable income with strong upside potential. All info, data & measurements approximate; verify if important.Show Description
MLS® Number1030328
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayOn Site
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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  • Commute

Commute

Starting Address
Destination Address
438 Wakesiah Ave, Nanaimo, BC

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