438 Wakesiah Ave, Nanaimo BC V9R 3K8
$5,560,000
00
438 Wakesiah Ave, Nanaimo BC V9R 3K8 - Multi Family for Sale in Nanaimo, BC
This 0 bedroom, 0 bathroom multi family is listed for sale at $5,560,000 in Nanaimo, British Columbia. Lot size: 13,068 sq ft (0.30 acres).MLS® #1030328.
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.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
$5,560,000
For Sale
1 / 16
438 Wakesiah Ave, Nanaimo BC V9R 3K8
Nanaimo, BC V9R 3K8
MLS® #1030328
REMAX Professionals (NA)
0beds
0baths
Property Details
Property Type
Multi Family
Lot Size
13,068 sq ft(0.30 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
University District
MLS® Number
#1030328
Wakesiah Ave Market Report
View comprehensive market analysis for Wakesiah Ave including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Wakesiah Ave Market ReportDescription
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.
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$29,300
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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Property Location
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