Colliers is pleased to offer for sale this nine (9) unit turnkey residential rental property featuring seven (7) studio units, one (1) 4-bedroom unit, and one (1) 2-bedroom unit! The units have all been extensively updated and modernized. The building has also been well improved by existing ownership, with recent capital upgrades including but not limited to, roof treatment, upgraded electrical and plumbing, five (5) new heat pumps and a new laundry room. This asset represents a rare opportunity to acquire a significantly upgraded, professionally managed and stable investment with assumable financing. The property is steps from the Old City Corridor, with a Walk Score of 72 (very walkable) - most daily errands can be accomplished on foot. It's also in close proximity to downtown Nanaimo, transit, highways, the Nanaimo Aquatics Centre and Vancouver Island University (VIU)