SALIENT FACTS

Civic Address : 2111 (4580 Sidney) Kingsway

Location : Near the Corner of Kingsway and Victoria St.

Site Size : 7,982 SF

PID : 013-535-838, 013-535-854

Current Zoning : C-2 (Community Commercial)

Total 11 Tenants : 10 Residential units and 4 commercial unit

 (4 commercial units are being used by a furniture shop)

Residential units are month to month : 

       New owner could increase the rent

* Proposed residential lease

  $1,600 x 7 one BR units + $2,000 x 2 two BR units + $2,500 x 1

  3 BR unit = $17,700/m

* Current commercial lease  

$6,800/m à $10,000/m 

* Billboard Ad fee :  $381/m

* Annul proposed lease = $337,000  / Projected Cap = 3.5+%

  Subject Site Description

– Accessible by public transportation

– 15 min walk to Nanaimo Skytrain Station

– 3 min walk to the bus top on Kingsway

– Good exposure to the neighbor amenities incl. Kensington

  Gardens

Investment : Enquire Agent