Multifamily in V9R available for sale
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Apartment Building for Sale near V9R

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V9R Apartment Building for Sale

More details for 635 Bowen Rd, Nanaimo, BC - Multifamily for Sale

Parkside Apartments - 635 Bowen Rd

Nanaimo, BC V9R 2A1

  • Multifamily for Sale
  • $3,250,000 CAD
  • 10,351 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen
  • Smoke Detector

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.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2025-06-10
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Apartment Buildings for Sale Within 5 kilometers of V9R

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Apartment Buildings for Sale in V9R

View All Available Listings
How many apartment buildings are available for sale in V9R?
There are currently 2 apartment buildings available for sale in V9R, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in V9R?
The average size of apartment buildings available for sale in Nanaimo is about 19,651 SF. The largest apartment buildings available to buy is 28,950 SF and the smallest is 10,351 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for apartment buildings in V9R?
The average market cap rate for apartment buildings for sale is about 5.06% based on data provided in V9R. Learn more about how cap rates are calculated.
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