1980 Schoolhouse Rd, Nanaimo, BC V9X 1T4 | 879333 | Engel & Völkers Victoria

1980 Schoolhouse Rd $15,500,000

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    1980 Schoolhouse Rd Nanaimo, BC V9X 1T4

    • 30,624 sq. ft.
    • 12.90 Acres
    • Commercial
    • Listing# 879333
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    Views: 141 Days On Site: 211

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    Property Details

    Situated south of Nanaimo on the Trans Canada Highway, Vancouver Island Self-Storage is an excellent cashflow opportunity with initial building phase complete, currently generating revenue with huge additional potential. Only half of the usable land has been developed, leaving several acres for future expansion or for commercial or industrial tenants (prospects already in line). The self-storage facility is designed to maximize profits and reduce costs, with a full fire suppression system, and no unnecessary indoor hallways, maximizing space with a unit mix that caters to home movers and families that live in condos. Both small and large clientele will also be able to take advantage of indoor and outdoor options. Current capacity is 186 indoor units with 24hr smart phone access, heating/security and high ceilings. Outdoor rental space layout and quantity is variable to maximize profit and match seasonal demand. This is an investment that allows one to profit on autopilot.

    • General Features
      • Mls Area Major Nanaimo
      • MLS Area Minor Na Cedar
      • Property Sub Type Warehouse
      • Tax Annual Amount 31922.65
      • Tax Assessed Value 2609300
      • Tax Assessed Year 2021
      • Tax Year 2021
      • Zoning BL 500, CD33, Z
    • Building Features
      • Building Area Total 30624.00
      • Entry Location Main Level
      • Exterior Features Lighting, Security System
      • Fireplace Y/N No
      • Number Of Units In Community 3
      • Number Of Units Total 186
      • Stories Total 1
      • Utilities Electricity To Lot
    • Property Features
      • Lot Features Irregular Lot, Landscaped, Level, Rectangular Lot, Serviced, See Remarks
      • View Y/N No
      • Water Source Well: Drilled
      • Waterfront Y/N No

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    Neighborhood

    V9X 1T4 (Nanaimo) Demographics

    45 Median Age
    25 Population Density (per sq. mile)
    N/A College Educated
    $78,843 Estimated Median Income
    1,470 Estimated Total Home Owners
    7,865 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    0 Estimated Average Household Size
    11,136 Total Population
    Community data courtesy of LiveBy, Inc.

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $15,500,000
    6/22/2021 1:11:00 PM New in Database Source: Multiple Listing Service New Value: $15,500,000

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    **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
    Information is provided in part by the IDX program of the Victoria/Vancouver Combined MLS®. All information provided is deemed reliable but is not guaranteed and should be independently verified.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.