Nanaimo 27-suite multi-family sells for $6.2 million
Western Investor Staff
Western Investor
Sale price was $100,000 over list for property close to downtown, with all rentals as one-bedroom units. It sold at a 5.09 per cent cap rate, agents say.
Macdonald Commercial, Vancouver, for Western Investor
Property type: Multi-family rental building
Location: 116 Prideaux Street, Nanaimo, B.C.
Number of units: 27
List price: $6.1 million
Sale price: $6.2 million
Brokerage: Macdonald Commercial, Vancouver
Brokers: Chris Shulz and Chris Winckers
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