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Beach House Apartments

130 Stewart Avenue, Nanaimo
Multi-family

$2,075,000


Summary

Price
$2,145,000
Lot Size
18,876 SF
Year Built
1974
Zoning
RM-5
Price/Unit
Parcels A, B & C of Lots 41 & 42, Block 8, Sec 1, PL 584 and Lot 1, BLK 8, Sec 1, Nanaimo District,
PID
008-794-464; 008-794-723; 008-795-011; 005-702-763
Sale Price
$2,075,000
Sale Date
2/10/2012

Property Description

24 Suites

Brochure

Beach House Apartments in a very clean and well maintained 3-storey wood-frame apartment building comprised of 24 suites located in Nanaimo, BC. Improved on an 18,876 sq. ft. lot, the subject features ample storage, parking, balconies, an ongoing program of upgrades and amazing water views from the eastern and southern units. Only ½ block from the ocean water front and within walking distance to local amenities, shopping, downtown and ferry terminal.

Property Highlight

  • Superb eastern water views and one half block to ocean waterfront
  • 24 suites improved on a large contiguous 4 lot site totalling 18,876 sq. ft.
  • Balconies/patios for each suite
  • Laundry: 3 washers/3 dryers owned by the building (one set per floor)
  • Owned enter phone with individual buzzers and telephone release
  • Stucco and vinyl exterior finish
  • Each unit has a thermostat independent valve
  • Suites feature carpets & large closets
  • 2Br & 3Br suites feature walk-in closets and 2-piece en-suite
  • Parking: 24 surface stalls
  • Full size storage lockers on each floor
  • Sprinklers in common areas

Upgrades

  • Roof is a flat style torch on replaced in 2000
  • Boiler installed in 1997 with Techmar control installed in 2003
  • New carpets for front stairs (2006)
  • New entrance overhang (2006)
  • Heating/Circulation Pump and boiler tank (2007)
  • Security strips on front and back doors (2007)
  • Exterior weather facing wall rebuilt and resurfaced with vinyl (2008/9)
  • New railings, sliding glass doors and windows, balcony surfaces (2009)
  • Generally, all suites have been kept up with new carpets, appliances, paint, curtains and undergo a more comprehensive renovation upon turnover
  • Six comprehensive suite renovations (2011)
  • Currently 4 suites are undergoing renovations to include refinished cupboards, countertops, appliances, flooring, carpet, bathtub surrounds, vanities, toilets, etc. Once these renovation are complete, approx 40% of the building will have been updated.
  • New enterphone system (2011)
  • New PRV valve installed (2011)
  • All in-suite water shutoffs replaced (2011)

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