$5,390,000
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438 Wakesiah Ave, Nanaimo, BC V9R3K8

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Prime Student Housing Investment with Licensed Inn Component Nanaimo, BC Ideally located directly across from Vancouver Island University (VIU), this purpose-built student housing property offers a rare opportunity to own a stable, income-producing asset in one of Nanaimos most desirable rental locations. The building features 25 units (13 single-bed & 12 double-bed), totaling 37 beds, with consistently strong occupancy driven by reliable student demand. Its prime location supports steady, recession-resistant income and long-term rental stability. A key highlight is the approved inn license, allowing up to 12 rooms for short-term rental use. This flexible hybrid model provides excellent upsidemaintain stable income from student rentals while increasing returns through short-term accommodation, especially during summer months.Built with durability and low maintenance in mind, features include granite countertops, quartz-tiled entry, modern finishes, Low-E windows, multi-zone hot water heating, and a pressurized water system. Additional amenities include on-site laundry, bike storage, 15 rear parking stalls, lane-access parking, and full security camera coverage. Conveniently located close to shopping, recreation, and transit, further enhancing tenant appeal. Stable income with strong upside potential. Measurements approximate; verify if important. (id:58753)

Listing By: Julie Liang - REMAX Professionals (NA) cncrea2 Realty.com
  • MLS® 1030328
  • Date Listed03/31/2026
  • Days on Realty 68 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 12,917 sq. ft

Interior Features

  • Cooling None
  • Heating Baseboard heaters, Natural gas, Hot Water

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 12,917.00
  • Lot Features Central location, Level lot, Southern exposure, Sloping, Other

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R3K8

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9R3K8

Source: Walk Score

73/100

Very Walkable

Walk Score ®

48/100

Some Transit

Transit Score ®

68/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

12 nearby routes: 12 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 36/100, Transit Score: 35/100, Bike Score: 38/100.

Points of Interest near 438 Wakesiah Ave, Nanaimo, BC V9R3K8

Frequently Asked Questions for 438 Wakesiah Ave

Source: Realty.com

438 Wakesiah Ave, Nanaimo, BC V9R3K8 in Nanaimo, BC V9R3K8 is a multi family listed at $5,390,000. Realty.ca has 16 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 16 photos of 438 Wakesiah Ave.

The full address for this home is 438 Wakesiah Ave, Nanaimo, BC V9R3K8.

438 Wakesiah Ave has been listed on Realty.com since Tue March 31, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 36/100, Transit Score: 35/100, Bike Score: 38/100.

Listing provided courtesy of: REMAX Professionals (NA)
Listing agent: Julie Liang

This content last refreshed on 2026-06-07 05:11:14. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.