About 700 Poplar St
Rare investment opportunity with this well-maintained 14-unit apartment building in a coveted central location. Featuring twelve spacious 1-bedroom units (approx. 700 sq ft) and two 2-bedroom units (approx. 1100 sq ft). Many units enjoy ocean views and the property is ideally located close to all amenities with tenant parking underneath the 2 floors of apartments. Recent updates include a new roof (2020), new siding (2019), and a new building hot water tank (2025). Four units have been renovated in the past 4 years. Built in 1964, the building sits on 3 separately titled city lots totalling over 19,000 sq ft and is zoned R8. Steady income with solid tenants, there is upside as many are long term. Price is plus applicable GST.
Features of 700 Poplar St
| MLS® # | 1002817 |
|---|---|
| Price | $3,500,000 |
| Square Footage | 6,257 |
| Acres | 0.44 |
| Year Built | 1964 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 700 Poplar St |
|---|---|
| Area | Na Brechin Hill |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9S 2H6 |
Amenities
| View | Mountain(s), Ocean |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Water, Natural Gas |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Balcony/Deck, Balcony/Patio |
|---|---|
| Construction | Vinyl Siding |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | June 7th, 2025 |
|---|---|
| Days on Market | 129 |
Listing Details
| Office | Royal LePage Nanaimo Realty (NanIsHwyN) |
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