$5,560,000

Prime Student Housing Investment with Licensed Inn Component – Nanaimo, BC Ideally located directly across from Vancouver Island University (VIU), this purpose-built student housing property offers a rare opportunity to own a stable, income-producing asset in one of Nanaimo’s most desirable rental locations. The building features 25 units (13 single-bed & 12 double-bed), totaling 37 beds, with consistently strong occupancy driven by reliable student demand. Its prime location supports steady, recession-resistant income and long-term rental stability. A key highlight is the approved inn license, allowing up to 12 rooms for short-term rental use. This flexible hybrid model provides excellent upside—maintain stable income from student rentals while increasing returns through short-term accommodation, especially during summer months.Built with durability and low maintenance in mind, features include granite countertops, quartz-tiled entry, modern finishes, Low-E windows, multi-zone hot water heating, and a pressurized water system. Additional amenities include on-site laundry, bike storage, 15 rear parking stalls, lane-access parking, and full security camera coverage. Conveniently located close to shopping, recreation, and transit, further enhancing tenant appeal. Stable income with strong upside potential. Measurements approximate; verify if important. (id:64343)

Business

Name	Cold Moon Student House

Property Details

MLS® Number	1030328
Property Type	Multi-family
Neigbourhood	University District
Features	Central Location, Level Lot, Southern Exposure, Sloping, Other
Parking Space Total	17
Plan	Vip88789
View Type	City View, Mountain View

Building

Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Hot Water
Size Exterior	13264 Sqft
Type	Multi-family

Land

Acreage	No
Size Irregular	12917
Size Total	12917 Sqft
Size Total Text	12917 Sqft
Zoning Description	Cor1
Zoning Type	Unknown

https://www.realtor.ca/real-estate/29530968/438-wakesiah-ave-nanaimo-university-district