275 Cypress St
Nanaimo, BC V9S5J9
$15,500,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 0.93 acres
- Zoning
- Unknown
R8
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $89,891.38
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 64
Listing Information
- MLS®
- 1043620
- Listed
- July 17, 2026
- Time on market
- On the market for 45 days
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Harbour Realty Ltd. · Data source: CREA DDF.
Description
Cypress Garden Apartments 64 Suite Apartment Building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities. (id:63159)
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
33
6/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Brechin Elementary | Elementary | 551 m |
| Pauline Haarer Elementary | Elementary | 1.3 km |
| Discover Montessori School(Independent) | Elementary/Middle | 1.3 km |
| Career Technical Centre | Secondary | 1.3 km |
| Oceane | Elementary | 1.4 km |
| Fairview Elementary | Elementary | 1.6 km |
| Cilaire Elementary | Elementary | 2.0 km |
| Quarterway Elementary | Elementary | 2.0 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- Danpung Momiji 310 · 505 Terminal Avenue North268 m
- Manvirros Indian Grill · 1045 Terminal Avenue North334 m
- Pita Land Mideast Urban Kitchen · 1150 Terminal Avenue North558 m
- Carbone Pizzeria · 215 Terminal Avenue North567 m
- Pizza Hut · 1150 Terminal Avenue North609 m
Cafes (1)
- Starbucks602 m
Grocery (1)
- Bulk Barn · 1150 Terminal Avenue North642 m
Parks (5+)
- Saint George Ravine Park · 980 Terminal Avenue North178 m
- Chinese Memorial Gardens Park · 105 Saint George Street216 m
- Townsite Triangle Park643 m
- Caledonia Park · 110 Wall Street738 m
- Queen Elizabeth II Promenade763 m
Pharmacies (1)
- Medicine Shoppe Pharmacy · 1150 Terminal Avenue North552 m
Banks & ATMs (2)
- Freedom 55 Financial541 m
- Instacoin ATM683 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($3,100,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.