Apartment Buildings for Sale in Nanaimo

Nanaimo Multifamily for Sale

High-yield going in cap rate of 5.06% | opportunity to increase yield to more than 6.25% | Avison Young is pleased to present Parkside Apartments, a well-maintained and upgraded 14-unit garden-style complex located at 635 Bowen Road in Nanaimo, BC. Situated on a 22,173 sf corner lot, the Property comprises a 10-unit apartment building and a separate fourplex. Benefiting from ongoing capital upgrades and a highly accessible location just off Bowen Road, Parkside Apartments offers strong repositioning potential and long term upside. This is a compelling value-add opportunity in one of Canada's fastest-growing regions. The property is directly adjacent to Bowen Road, one of Nanaimo's main arteries, offering excellent visibility and accessibility. Residents enjoy close proximity to a wide range of everyday amenities, including grocery stores, pharmacies, restaurants, and retail shops. The nearby Nanaimo Regional General Hospital and several health and wellness clinics further enhance the area's appeal for families, professionals, and retirees. Transportation is seamless, with Bowen Read providing direct access to the Nanaimo Parkway and downtown. Public transit is readily available, and the Hullo Ferry Terminal, which offers fast passenger service to downtown Vancouver, is just a 10-minute drive away.

Property Subtype:

Apartment

Date on Market:

2025-06-10

Nanaimo Multifamily for Sale

Colliers is pleased to bring to market this 10-unit rental property featuring an attractive suite mix of eight spacious 2 bed 2 bath apartments and a separate duplex offering two large 3 bed 2 bath units. Owned by the same family since 1993, the property has been thoughtfully cared for with major recent capital upgrades, including a new roof and modernized fire safety systems. This asset represents a rare opportunity to acquire a well-built building with over 50% upside in rents - in one of Canada’s fastest growing municipalities

Property Subtype:

Apartment

Date on Market:

2025-11-25

Nanaimo Multifamily for Sale

Chelsea at Longwood presents a rare opportunity to acquire a brand-new, stratified 48-suite multifamily rental asset in the prestigious Longwood Estates of North Nanaimo. Scheduled for completion in Q1 2026, this purpose-built rental property was originally designed as a luxury condominium development and is being constructed to condo-quality standards. The building features large, modern suites with high-end finishes, stainless steel appliances, in-suite laundry, fireplaces, air conditioning, and expansive covered balconies. Strategically positioned in an award-winning, adult-oriented community, Chelsea at Longwood is tailored to attract “active adult” tenants seeking upscale living with proximity to amenities and lifestyle services. Located within walking distance to grocery-anchored retail, restaurants, medical clinics, and transit, the property also benefits from adjacency to the Origin at Longwood senior living residence, offering potential tenants access to a continuum of care and lifestyle programming. The offering includes 48 parking stalls and a suite mix of 29% one-bedroom and 71% two-bedroom units, with an average unit size of 806 square feet. Investors will appreciate the opportunity to scale, as a second identical 48-suite building is planned for late 2026, enabling operational efficiencies and portfolio growth. Developed by Gulf Properties and built by Westmark—both highly experienced and award-winning Vancouver Island firms—Chelsea at Longwood is a best-in-class asset in one of Nanaimo’s most desirable submarkets.

Property Subtype:

Apartment

Date on Market:

2025-10-20

Nanaimo Multifamily for Sale

Property Subtype:

Apartment

Date on Market:

2025-10-06