Centra
340 Campbell Street, Nanaimo, BC
FOR SALE
Property Details
- Storeys 6
- Total Net Rentable Area 102,691 sf
- Residential Units 162* includes 15 ground level live-work units for flexible leasing options
- Parking Stalls 139
- Ownership Status Held in a bare trust – opportunity for a purchaser to save on property transfer tax
- Construction Completion Spring 2026
- Assumable CMHC Debt $49,053,473
- Projected Stabilized Net Operating Income (Year 1) $3,271,019
- 10-Year Net Present Value of Property Tax Exemption $1,427,363
- Pricing Guidance Contact listing agents
Overview
The Avison Young Multi-Family Team and Primex Investments are pleased to introduce Centra located at 340 Campbell Street in downtown Nanaimo, BC.
This is a premier six-storey purpose-built rental apartment building featuring 162 modern rental units, including 15 ground level live-work units for either residential or commercial purposes. Developed by Primex Investments and built by Westmark Construction, this is a high-quality multi-family asset offering a range of living options, including studio, 1, 2, & 3-bedroom units. Residents will enjoy superb building amenities such as a fitness room, pet area, indoor and outdoor amenity spaces and underground parking with EV charging options.
Centra provides an investor with an exceptional opportunity to acquire a brand-new rental apartment building in a rapidly growing Vancouver Island market with long-term stable cash flow.
