275 CYPRESS STREET
Vancouver Island · V9S5J9
$16,700,000
About this residence
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:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Ownership
- Freehold
- Lot size
- 0.93
- Parking
- 64 spaces
- Annual tax
- $84,944
- MLS®
- 1022254
- Board
- Vancouver Island
- Status
- Active
- Listed
- Dec 29, 2025
- Updated
- Mar 23, 2026
Financing
Estimated monthly payment
$78,101/mo
Loan amount
$13,360,000
Down payment
$3,340,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Frequently asked questions
What is the asking price for 275 CYPRESS STREET?
275 CYPRESS STREET is listed for $16,700,000, in Vancouver Island.
What type of home is 275 CYPRESS STREET?
275 CYPRESS STREET is a Multi-family, Multi-Family.
How large is 275 CYPRESS STREET?
The home offers a lot measuring 0.93.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $78,101. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $84,944 per year.
Is there parking?
Yes — 275 CYPRESS STREET includes 64 parking spaces.
Private viewings
Arrange a private viewing of 275 CYPRESS STREET.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.