12 newly completed garden-level apartment suites located in the sunny oceanside community of Parksville
352 Hirst Avenue is a newly completed turn-key investment opportunity centrally located in the oceanside community of Parksville, just 40 km north of Nanaimo and 50 km west of Port Alberni. The property comprises 12 garden-level one-bedroom suites that feature surface parking stalls and private backyard patios.
Completed in Spring 2021 and improved on a 19,244 SF lot, the buildings 12 one-bedroom suites equate to a total 5,651 SF of rentable area (470 SF average unit size). Other highlights include in-suite washer/dryers, dishwashers, detailed cabinet work for ample storage and in-place property management services.
- 12 one-bedroom garden level suites
- Vinyl plank flooring throughout
- Durable quartz countertops in kitchen and bathrooms
- Stainless steel Frigidaire appliances including fridge, stove, dishwasher & microwave
- Stacked Blomberg washer/dryer
- Fiber cement board and cultured stone exterior siding
352 Hirst is located in the ever-growing downtown core of Parksville, BC, just 35 km north of Nanaimo ferry terminals. In recent years, Parksville has turned from one of the slowest-growing communities that attracted seniors to one that now has an appeal to students, young professionals, and families. Its population increased by 9.5 percent between 2016 to 2021 to 13,642 people.
The property’s convenient location is within walking distance to Parksville beaches, community parks, grocery stores and other everyday retail amenities. Additionally, the property is also minutes to all levels of schools including Vancouver Island University’s Parksville campus.
|Average size500 SF
|Average rent $1,621
|Treat as clear title.
|Projected income and expenses
Net operating income
Please contact Mark Goodman for more information. For a financials proforma, please click here.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.