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Apartment Buildings for Sale in Victoria, Nanaimo, Campbell River and across Vancouver Island

Apartment Buildings for Sale in Nanaimo that Sold in 2018 & Earlier 

 Planning to buy or sell an apartment block in Nanaimo

Call André at 250-940-2713

The following research and information is provided compliments of André. The tables show the following variables for apartment building sales in Nanaimo: sale date, building name, address, city, year built, total number of suites, sale price, price per suite and capitalization rate. Note that these sales may not include share transfer sales or other sales where the number of units or price is not verifiable. Sales of smaller multi-family investment property of 10 units or less may also not be included.

Note: When calculating number of rooms the following numbers are used to correspond to the suite mix of the building: Bachelor = 2.5 rooms, One Bedroom = 3.5 rooms, Two Bedroom = 4.5 rooms, Three Bedroom = 5.5 rooms and Den = .5 rooms 
Nanaimo Apartment Buildings for Sale that Sold in 2018

Sale Date

Sale
Price
AddressBuilding Name AddressAcresYear Built
Total SuitesTotal Rooms$ per Suite$ per Room Cap Rate
02/201814,133,000

6597 Applecross Rd

Woodgrove Pines

3.87


1994 137103,160 103,160 x
05/20182,257,0002805 Glenayr DrGeorgia Vista.8919681767.5132,76433,437x
05/20181,950,000635 Bowen RdGeorgia Vista.51199011x177,272xx











 

Nanaimo Apartment Buildings for Sale that Sold in 2017

Sale Date

Sale Price

Building Name

 & Address

Year Built
Land Area Acres


Total Suites


Total Rooms

$ per Suite

Equivalent $ per One Bdrm Suite

3.5 Rooms=One Bdrm 

Cap Rate








 03/2017
6,843,400

DeBaren Apts

2550 Departure Bay Rd

1968  58227117,989 105,514 4.7
 03/2017
5,674,000

     Harborview Manor

275 Nicol St 

2012  45 167.5126,088  118,561 
05/2017
3,350,000

King Arthurs Court

564 5 St

196736 17793,05566,242  

05/2017

 531 Selby St196912 4079,58383,562  

08/2017

8,450,000

Arbutus Gardens

655 Poplar St

197255204.5153,636144,6214.5

11/2017

4,194,106

130 Vancouver Ave.

20171758.5246,712250,929 

12/2017

13,500,000

Summerhill Village  1680 1690 Townsite Rd

201753221.5254,716213,318 
 

Nanaimo Apartment Buildings for Sale that Sold in 2016

Sale DateBuilding NameAddressAge#of SuitesSale Price$ per SuiteCap Rate

 01/2016

 Dogwood Apartments

 270 Wakesiah Ave

 1963

 20

 1,350,000

 67,500

 

01/2016

Alderwood Apartments

680 3rd St

1963

18

1,249,000

69,388

 

 02/2016

 

76 Pryde Ave 

 1990

 13 Strata

 1,300,000

 100,000

 5.53

 03/2016

 Boundary Ridge Apartments

 1525 - 1595 Boundary Crescent

 1972

 51

 4,799,999

 93,725

 4.94

 05/2016

 Crest Apartments

 775 Terminal Ave

 2012

 121

 20,500,000

 169,421

 5.03

 06/2016

 Summerhill Place Apartments

 1820 Summerhill Place

 2015

 103

 20,000,000

 194,174

 5.21

 06/2016

 Mountain View

 1680 Dufferin Crescent

 

 75 concrete hi-rise

 9,924,967

 132,332

 

 08/2016

 Lynburn Manor

 1840 Argyle Ave

 1963

 29

 4,549,990

 156,896

 4.26%

 09/2016

 Country Gardens

 652 - 674 Bruce Ave

 1964

 19

 2,350,000

 123,684

5.3% 

 

Nanaimo Apartment Buildings for Sale that Sold in 2014

Sale DateBuilding Name

Address 

Age# of SuitesSale Price$ per SuiteCap Rate
 03/2014  620 Pine St 1953 12 900,000 75,000 
 04/2014 Georgia Vista Apartments 2805 Glenayre Drive 1968 17 2,150,000 126,470 
 09/2014 Parkwood Manor 1480 Boundary Crescent 1972 54 5,500,000 101,857 
 12/2014 Adele Apartments 1430 Estevan Rd 1956 11 796,800 72,363 6%