931 Crace St, Nanaimo, BC, V9R 2T4

MLS® # 1012926

Investment For Sale In Chase River/ Duke Point / South End, Nanaimo, British Columbia

$2,550,000

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931 Crace St, Nanaimo, BC - Outdoor With Body Of Water With View

931 Crace St, Nanaimo, BC - Outdoor With View

931 Crace St, Nanaimo, BC - Outdoor With Exterior

931 Crace St, Nanaimo, BC - Indoor Photo Showing Laundry Room

931 Crace St, Nanaimo, BC - Indoor Photo Showing Kitchen

931 Crace St, Nanaimo, BC - Indoor Photo Showing Bathroom

931 Crace St, Nanaimo, BC - Indoor Photo Showing Other Room

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931 Crace St, Nanaimo, BC, V9R 2T4

$2,550,000

Property Information:

Well-maintained 10-unit rental apartment building at the edge of Nanaimo’s harbour and downtown core. Located at 931 Crace Street, the property offers immediate access to Port Place Mall and the new Hullo foot passenger ferry with 70-minute service to downtown Vancouver. The unit mix includes 7 one-bedroom units, 2 two-bedroom, and 1 three-bedroom. This unique character building is being offered at a strong cap rate although there is still significant upside potential upon tenant turnover. Situated in a growing, gentrifying neighbourhood, this is an excellent opportunity to acquire a solid income property with long-term growth potential. More information available.

Property Features:

Annual Tax Amount: $10,374
Building Features: Basement, Bike Storage, Laundry Room, Parking, Shopping Nearby, Transit Nearby
Built in: 1928
Construction Materials: Stucco
Floor Space (approx): 9637 Square Feet
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric
Lot Features: Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Lot Frontage: 12936 Square Feet
Lot Size: 12936.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Road Surface Type: Paved
View: City, Mountain(s)
Water Source: Municipal
Sewer:

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Notes:

Lee Robinson

Sales Representative Royal LePage Nanaimo Realty *

Mobile:250.327.8988

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Market Price Trends

All Properties

3.06%

Price change (1 year)

47.73%

Price change (5 years)

Location of 931 Crace St, Nanaimo, BC, V9R 2T4

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 931 Crace St , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past

29℃

2050

31.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 931 Crace St , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past

569.5mm

2050

660mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 931 Crace St, Nanaimo, BC, V9R 2T4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$92,696.84

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.75 %

High school certificate or equivalent

37.93 %

Apprenticeship trade certificate/diploma

9.27 %

College/non-university certificate

16.28 %

University certificate (below bachelor)

3.08 %

University Degree

22.69 %

Commuter

Travel To Work

By Car

75.81 %

By Public Transit

6.32 %

By Walking

15.7 %

By Bicycle

0.93 %

By Other Methods

1.24 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.98 %

Houses

51.02 %

Own Vs. Rent

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931 Crace St, Nanaimo, BC, V9R 2T4 $2,550,000 MLS® # 1012926