700 Poplar St
Nanaimo, BC V9S2H6
$3,100,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 19,215 square feet
- Zoning
- Unknown
R8
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $15,474
Interior
- Heating
- Natural gas, Hot Water
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view
Listing Information
- MLS®
- 1029875
- Listed
- March 27, 2026
- Time on market
- On the market for 158 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.
Description
Well-maintained 14-unit apartment building in a prime central location offering strong in-place income with clear upside. The suite mix includes twelve spacious 1-bedroom units (approx. 700 sq ft) and two large 2-bedroom units (approx. 1,100 sq ft), many with ocean views. Ideally positioned close to all amenities with covered tenant parking beneath two levels of apartments. Significant recent capital improvements include new roof (2020), siding (2019) and building hot water tank (2025), plus four renovated units in the past 4 years. Built in 1964 on three separately titled city lots totaling over 19,000 sq ft and zoned R8, presenting future redevelopment or densification potential. Stable tenancy with long-term occupants and room to improve returns. Price is plus applicable GST. (id:63159)
Location Insights
Weather
13°C
Partly Cloudy
Humidity 89%
Wind WSW 6 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
52
7/9 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 |
|---|---|---|
| Oceane | Elementary | 379 m |
| Discover Montessori School(Independent) | Elementary/Middle | 573 m |
| Career Technical Centre | Secondary | 573 m |
| Cilaire Elementary | Elementary | 944 m |
| Brechin Elementary | Elementary | 1.0 km |
| Quarterway Elementary | Elementary | 1.5 km |
| Forest Park Elementary | Elementary | 2.2 km |
| Fairview Elementary | Elementary | 2.2 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+)
- Nemo Sushi340 m
- Pizza Hut · 1150 Terminal Avenue North413 m
- Pita Land Mideast Urban Kitchen · 1150 Terminal Avenue North464 m
- Zougla · 2021 Estevan Road532 m
- Manvirros Indian Grill · 1045 Terminal Avenue North718 m
Cafes (2)
- Starbucks428 m
- Black Magic Coffee House773 m
Grocery (1)
- Bulk Barn · 1150 Terminal Avenue North382 m
Parks (4)
- Estevan Park · 1885 Estevan Road212 m
- Barney Moriez Park · 450 Poplar Street440 m
- Mansfield Park655 m
- Beach Estates Park · 2140 Departure Bay Road685 m
Gyms (1)
- Island Optimal Performance Centre630 m
Pharmacies (2)
- Anchor Compounding Pharmacy346 m
- Medicine Shoppe Pharmacy · 1150 Terminal Avenue North470 m
Banks & ATMs (3)
- BMO174 m
- Freedom 55 Financial481 m
- Unnamed737 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($620,000) — 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.