664 Bruce Ave

About this property

Colliers is pleased to present the opportunity to acquire Country Gardens Apartments, a 19-suite rental complex situated at 664 Bruce Avenue in Nanaimo, British Columbia (the “Property”). The Property comprises three wood-frame residential buildings on approximately 2.25 acres. It features 19 spacious two-bedroom suites averaging ±1,250 SF, with ground-floor patios, upper-level balconies and in-suite laundry. Located along Bruce Avenue within walking distance of Vancouver Island University, University Village Mall, parks, schools and public transit, the Property benefits from a central location and strong tenant fundamentals. The substantial land holding and R6 – Townhouse Residential zoning provide additional long-term redevelopment potential. The Property offers investors the opportunity to acquire an established multifamily asset with stable occupancy, rental upside and future development optionality.