275 Cypress St

Cypress Garden Apartments64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities.

• Lot Frontage: 40510.8 Square Feet
• Lot Size: 0.93 Acres
• Floor Space (approx): 62378 Square Feet
• Annual Tax Amount: $89,891
• No. of Parking Spaces: 64
• Zoning: R8
• Building Features: Elevator: Passenger, Fire Sprinklers, Laundry Room, Shopping Nearby, Transit Nearby, See Remarks
• Business Type: Accommodation
• Exterior Features: Balcony/Patio
• Flooring: Mixed
• Heating: Baseboard, Electric
• Lot Features: Central Location, Landscaped, Marina Nearby, Recreation Nearby, Shopping Nearby
• Ownership: Freehold
• Parking Features: On Site
• Property Sub Type: Multi Family
• Road Surface Type: Paved
• Sewer:
• View: Other
• Water Source: Municipal
• Neighbourhood Nanaimo
• No. of Parking Spaces 64
• Zoning Type R8
• Lot Size 0.93 ACRE
• Lot Frontage 40510.8 FEETSQ
• Floor Space 62378 FEETSQ
• Annual Tax Amount $89,891