Cypress Garden Apartments. 64 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.
Address
275 Cypress St
List Price
$16,700,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Brechin Hill
Lot Size
40510.8 Sq. Ft.
Lot Size (Acres)
0.93 Ac.
MLS® Number
1022254
Listing Brokerage
Century 21 Harbour Realty Ltd.
| Colliers
Postal Code
V9S 5J9
Tax Amount
$84,944.29
Tax Year
2025