Apartment Property For Sale

Blue Water Towers

Summary

CIVIC ADDRESS 126 Mt. Benson Street,
Nanaimo, BC
SUITE TOTAL 22
STATUS SOLD (August 2021)

The Opportunity

The CBRE National Apartment Group - BC  is pleased to present the exclusive opportunity to acquire Blue Water Towers, 22-suite boutique apartment building and well located just steps from the Nanaimo Harbourfront.

The Blue Water Towers presents the opportunity for investors to acquire a well-located rental property with an excellent suite mix with the opportunity to improve rents on turnover.

Investment Highlights

EXCELLENT LOCATION
Located just steps from the Harbourfront, tenants of the Blue Water Towers benefit from being able to enjoy the Harbourfront Prominade and are walking distance from a number of amenities.

IDEAL BUILDING SIZE
With 22-suites, the Blue Water Towers is small enough for an owner to self-manage and large enough to support property management.

EXCELLENT SUITE MIX
The Blue Water Towers has a well-balanced suite mix consisting of 13 x 1-bedrooms, 8 x 2-bedroom and a rare 3-bedroom.

VALUE-ADD OPPORTUNITY
Current rents are below market rental rates presenting investors with the opportunity to increase rents to market on turnover.

Property Photos

Address:
Nanaimo, BC