I have listed a new property at 107 308 Hillcrest Ave in NANAIMO.
Investment property: Purpose built student rental housing generating over five percent return (net). New construction student rental housing just 3 city blocks from Vancouver Island University, 1 block from the Aquatic Centre, gym, parks and arena. Easy walk to the Old City Quarter and City Centre. Public transit just steps from the front door. Building has 4 separate, complete student living areas, each with a large bedroom, oversized closet, full ensuite and balcony. Main floor is a shared kitchen, dining and living area with additional 2 piece bathroom, storage and outdoor deck areas. Second and third floors each have separate laundry. Modern interior finishes in neutral colours throughout. Strata title property provides owners with management of the property, including maintenance of the building exterior, landscaping, services and common area maintenance. Rental Disclosure Statement protects the rental of these units.