{"id":9,"date":"2024-08-27T21:21:51","date_gmt":"2024-08-27T21:21:51","guid":{"rendered":"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/?page_id=9"},"modified":"2025-11-25T19:01:13","modified_gmt":"2025-11-25T19:01:13","slug":"woodgrove-pines","status":"publish","type":"page","link":"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/","title":{"rendered":"Woodgrove Pines"},"content":{"rendered":"<p><div class=\"et_d4_element et_pb_section et_pb_section_0 et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_0 et_pb_equal_columns  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_0  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h1>For Sale<\/h1>\n<p>6597, 6599 &amp; 6601 Applecross Road &amp; 6439 Portsmouth Road, Nanaimo BC<\/p>\n<h3>4 Rental Buildings | 137 Suites + 5 CRU | 5.22 Acre Land Parcel<\/h3><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_code et_pb_code_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_code_inner\"><div style=\"position:relative;padding-top:56.25%;\"><iframe src=https:\/\/cbre.qumucloud.com\/view\/Woodgrove-Pines-Nanaimo?start=2?loop=true style=\"position:absolute;top:0;left:0;width:100%;height:100%;\"><\/iframe><\/div><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div id=\"offering\" class=\"et_d4_element et_pb_section et_pb_section_1 et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_1  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_1  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_1  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>The Offering<\/h2><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_2 et_pb_with_background  et_pb_css_mix_blend_mode et_section_specialty et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_row et_block_row et_d4_element\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_2    et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_2  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><p>The CBRE National Apartment Group-BC has been retained by the Owner on an exclusive basis to offer a 100% interest in the Woodgrove Pines Apartments, comprising two separate properties consisting of 4 newer rental apartment buildings with a combined 137 suites and 5 commercial units on a large 5.22-acre land parcel in the heart of Nanaimo, British Columbia.<\/p>\n<p>The subject property is prominently situated off the North Island Highway in the highly desirable Dover Bay Neighbourhood in North Nanaimo, British Columbia, one of Canada\u2019s fastest growing municipalities. The subject property is just steps to an abundance of tenant-friendly amenities offered at the 748,000 sq. ft. grocery-anchored Woodgrove Shopping Centre, Vancouver Island\u2019s largest shopping center. Woodgrove Pines is also within walking distance to Costco, a variety of retailers, shops, and services situated along the Island Highway, as well as a variety of schools, parks, and transit services.<\/p>\n<p>This unique opportunity offers investors unique scale (137 suites + 5 CRU) providing both management and operational efficiencies. The rental complex as a whole is comprised predominantly of large 2-bedroom suites (65%) with efficient layouts that attract a broad cross-section of prospective tenants. One of the four rental buildings comprising both residential and commercial units is stratified, providing an investor the opportunity to sell off individual units in the future. In addition, CBRE has estimated that there is approximately a 55% + upside in the current rents blended throughout the buildings, which may be realized in the future by continuing with the current owner\u2019s comprehensive and proven renovation program as units turn over.<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_3   et_pb_specialty_column  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row_inner et_pb_row_inner_0  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_pb_column et_pb_column_4_4 et_d4_element et_pb_column_inner et_pb_column_inner_0  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_3  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><p>Woodgrove Pines is an institutionally owned and managed rental complex that has benefited from several capital improvements in recent years, including renovations to approximately 34% of the units, updated building exteriors, newer roofs, lobby upgrades, landscaping upgrades, plumbing, boiler, and mechanical updates, just to name a few. These improvements will minimize a new Owner\u2019s future capital requirements.<\/p>\n<p>Further detailed information on this exceptional multi-family offering can be received by connecting with our team and requesting and executing a Confidentiality Agreement (the \u201cCA\u201d).<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row_inner et_pb_row_inner_1  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_pb_column et_pb_column_1_6 et_d4_element et_pb_column_inner et_pb_column_inner_1  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"66\" height=\"71\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/rare_scale.svg\" alt=\"\" title=\"rare_scale\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/rare_scale.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/rare_scale.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/rare_scale.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/rare_scale.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/rare_scale.svg 2048w\" sizes=\"(max-width: 66px) 100vw, 66px\" class=\"wp-image-37\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_column et_pb_column_1_6 et_d4_element et_pb_column_inner et_pb_column_inner_2  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_1\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"70\" height=\"75\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/upside.svg\" alt=\"\" title=\"upside\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/upside.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/upside.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/upside.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/upside.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/upside.svg 2048w\" sizes=\"(max-width: 70px) 100vw, 70px\" class=\"wp-image-121\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_column et_pb_column_1_6 et_d4_element et_pb_column_inner et_pb_column_inner_3  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_2\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"66\" height=\"71\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/institutionally_managed.svg\" alt=\"\" title=\"institutionally_managed\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/institutionally_managed.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/institutionally_managed.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/institutionally_managed.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/institutionally_managed.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/institutionally_managed.svg 2048w\" sizes=\"(max-width: 66px) 100vw, 66px\" class=\"wp-image-46\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div><div id=\"investment\" class=\"et_d4_element et_pb_section et_pb_section_3 et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_2  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_4  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_4  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Investment Summary<\/h2><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_3  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_4 et_pb_column et_pb_column_5  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_5  et_pb_text_align_center et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>4<\/h2>\n<p>Buildings<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_4 et_pb_column et_pb_column_6  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_6  et_pb_text_align_center et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>5.22 AC<\/h2>\n<p>Total Site Size<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_4 et_pb_column et_pb_column_7  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_7  et_pb_text_align_center et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>137+5 CRU<\/h2>\n<p>Total Suites<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_4 et_pb_column et_pb_column_8  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_8  et_pb_text_align_center et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>809 SF<\/h2>\n<p>Average Suite Size<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_4 et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_4  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_9  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_9  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Highlights<\/h2><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_5  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_10  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_0  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-42\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>UNIQUE SCALE<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\">Opportunity to acquire four rental apartment buildings comprising a combined 137 units + 5 CRU offers an investor unique scale providing both operational and management efficiencies.<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_1  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-41\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>EXCELLENT SUITE MIX<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\"><p>The subject property is predominantly comprised of large 2 bedroom units (65%) averaging over 809 square feet of rentable area, which is highly desirable and attracts a wide cross-section of prospective tenants.<\/p><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_2  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/unique_scale.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-42\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>PROVEN VALUE ADD STRATEGY<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\">The current owner has renovated approximately 34% of the suites as units turned over and released them to the prevailing market rents. CBRE has estimated there is 55%+ in rental upside, providing a new owner with the opportunity to continue with the Vendor\u2019s proven value-add leasing strategy to grow cash flow and yield.<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_3  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/reduced_expenditure.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-38\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>REDUCED OPERATING EXPENDITURES<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\">All suites comprise electric baseboard heat and three of the four buildings have rental suites with their own separate hot water tanks paid for by the tenants, reducing utility costs and overall operating expenses.<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_11  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_4  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/central_location.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-45\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>CENTRAL LOCATION<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\"><p>Prominently situated in the highly desirable Dover Bay Neighbourhood of North Nanaimo, within walking distance to the grocery-anchored Woodgrove Shopping Centre and an excellent cross-section of tenant-friendly amenities.<\/p><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_5  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/managed.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-35\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>INSTITUTIONALLY MANAGED<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\">The subject property has been institutionally owned and managed and has benefited from various capital improvements in recent years that will minimize a new owner\u2019s future capital requirements.<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_6  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/land_parcel.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-47\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>LARGE LAND PARCEL<\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\">The properties combine to offer a large 5.22 acre land parcel currently designated as a \u201cSecondary Urban Centre.\u201d This designation supports typical building forms up to 12 storeys and up to 80 units per acre.<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_blurb et_pb_blurb_7  et_pb_text_align_left  et_pb_blurb_position_left et_block_module et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_blurb_content\">\n\t\t\t\t\t<div class=\"et_pb_main_blurb_image et_pb_css_mix_blend_mode\"><span class=\"et_pb_image_wrap et_pb_only_image_mode_wrap\"><img loading=\"lazy\" decoding=\"async\" width=\"37\" height=\"37\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg\" alt=\"\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg 150w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg 300w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg 1024w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg 1536w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg 2048w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/stratified_units.svg 37w\" sizes=\"(max-width: 37px) 100vw, 37px\" class=\"et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-40\" \/><\/span><\/div>\n\t\t\t\t\t<div class=\"et_pb_blurb_container\">\n\t\t\t\t\t\t<h3 class=\"et_pb_module_header\"><span>STRATIFIED UNITS <\/span><\/h3>\n\t\t\t\t\t\t<div class=\"et_pb_blurb_description\"><p>The Portsmouth Road building, which comprises 41 residential units and 5 CRU units, is separately titled and fully stratified, providing a new Owner with the opportunity to sell the individual units to maximize value in the future. (Condo Sales Avg $450\/SF+)<\/p><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div id=\"summary\" class=\"et_d4_element et_pb_section et_pb_section_5  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_6  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_12  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_10  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Property Summary<\/h2><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_7 et_pb_equal_columns et_pb_gutters2  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_3_5 et_pb_column et_pb_column_13  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_3\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"322\" height=\"415\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/property_summary_20240912.svg\" alt=\"\" title=\"property_summary_20240912\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/property_summary_20240912.svg 400w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/property_summary_20240912.svg 322w\" sizes=\"(max-width: 322px) 100vw, 322px\" class=\"wp-image-131\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_2_5 et_pb_column et_pb_column_14  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_4\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"807\" height=\"876\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_1.jpg\" alt=\"\" title=\"property_summary_1\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_1.jpg 807w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_1-480x521.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 807px, 100vw\" class=\"wp-image-19\" \/><\/span>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_5\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"807\" height=\"917\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_2.jpg\" alt=\"\" title=\"property_summary_2\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_2.jpg 807w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_2-480x545.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 807px, 100vw\" class=\"wp-image-20\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_8  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_15  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_6\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"855\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_3.jpg\" alt=\"\" title=\"property_summary_3\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_3.jpg 1920w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_3-1280x570.jpg 1280w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_3-980x436.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_summary_3-480x214.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1920px, 100vw\" class=\"wp-image-21\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div id=\"profile\" class=\"et_d4_element et_pb_section et_pb_section_6 et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_9  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_3_4 et_pb_column et_pb_column_16  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_11  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Property Profile<\/h2>\n<p>The Woodgrove Pines Apartments comprises four rental apartment buildings with a combined 137 rental suites + 5 CRUs and are situated on two separate land parcels totaling 5.22 acres of land. 6597, 6599, and 6601 Applecross Road are comprised of three - 3 storey buildings that were constructed in 1989 and consist of 96 rental suites. 6439 Portsmouth Road is a separately titled three storey stratified building that was constructed in 1994 and consist of 41 rental suites and 5 commercial units.<\/p>\n<p>All four buildings are of wood framed construction on slab and comprise a total of 170 surface parking stalls strategically located throughout the property. All suites are in a good state of repair, with approximately 34% of the suites having been fully renovated with modern finishes, including stainless steel appliances, and in some cases, a selection of suites enjoy in-suite laundry. Three of the four rental buildings are equipped with electric base board heat and separate hot water tanks paid for by the tenant. The stratified rental building is improved with electric baseboard heat paid for by the tenants, and domestic hot water is via gas-fired boiler. All suites throughout the property are comprised of either a deck or patio for tenant enjoyment. The properties large court yard design is unique and offers tenants with walkable paths and access to a communal pond and garden areas.<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_4 et_pb_column et_pb_column_17  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_7\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"1137\" height=\"888\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_1.jpg\" alt=\"\" title=\"property_profile_1\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_1.jpg 1137w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_1-980x765.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_1-480x375.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1137px, 100vw\" class=\"wp-image-15\" \/><\/span>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_8\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"1180\" height=\"870\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_2.jpg\" alt=\"\" title=\"property_profile_2\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_2.jpg 1180w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_2-980x723.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_2-480x354.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1180px, 100vw\" class=\"wp-image-16\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_10  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_18  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_9\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"826\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_3.jpg\" alt=\"\" title=\"property_profile_3\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_3.jpg 1920w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_3-1280x551.jpg 1280w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_3-980x422.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_3-480x207.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1920px, 100vw\" class=\"wp-image-17\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_7  et_pb_css_mix_blend_mode et_pb_fullwidth_section et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_fullwidth_image et_pb_fullwidth_image_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_4.jpg\" alt=\"\" title=\"property_profile_4\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_4.jpg 1920w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_4-1280x720.jpg 1280w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_4-980x551.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/property_profile_4-480x270.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1920px, 100vw\" class=\"wp-image-18\" \/>\n\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_8  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_11  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_19  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_12  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Rent Pricing &amp; Suite Mix<\/h2><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_10\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"136\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/pricing_mix_20240912.svg\" alt=\"\" title=\"pricing_mix_20240912\" class=\"wp-image-133\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_12  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_20  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_13  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Rental Upside<\/h2><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_11\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"238\" height=\"153\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/retail_upside_20240912.svg\" alt=\"\" title=\"retail_upside_20240912\" class=\"wp-image-132\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_21  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_14  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Suite Mix Breakdown<\/h2><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_12\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"847\" height=\"538\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.jpg\" alt=\"\" title=\"suite_mix\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix.jpg 847w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/suite_mix-480x305.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 847px, 100vw\" class=\"wp-image-22\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_13  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_22  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_15  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Property Photos<\/h2><\/div>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_code et_pb_code_1\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_code_inner\">[print_continuous_slider_plus_lightbox]<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_9  et_pb_css_mix_blend_mode et_pb_fullwidth_section et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_fullwidth_image et_pb_fullwidth_image_1\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1242\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/map_revised.jpg\" alt=\"\" title=\"map_revised\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/map_revised.jpg 1920w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/map_revised-1280x828.jpg 1280w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/map_revised-980x634.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/09\/map_revised-480x311.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1920px, 100vw\" class=\"wp-image-129\" \/>\n\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div id=\"location\" class=\"et_d4_element et_pb_section et_pb_section_10  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_14  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_23  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_16  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Location Overview<\/h2>\n<p>Nanaimo, BC, also known as the \u201cHarbour City\u201d, is a rapidly growing city located mid-island on the east coast of Vancouver Island, approximately an hour and a half north of the Capital City of Victoria and just two hours from Vancouver via the Departure Bay Ferry Terminal. Nanaimo is a highly desirable place to live and work due to its proximity to major economic centers such as Victoria and Vancouver via ferry, seaplane, or car while still offering Vancouver Island\u2019s natural beauty and lifestyle. The city is Canada\u2019s fifth fastest-growing region with a population growth of over 10% in the last 5 years.<\/p>\n<p>The Woodgrove Pines Apartments are located off the intersections of Applecross Road and Portsmouth Road in the highly desirable Dover Bay neighbourhood in North Nanaimo, adjacent to grocery anchored Costco Wholesale, steps from Woodgrove shopping centre and just 15 minutes from Downtown Nanaimo. The property\u2019s convenient location right off the Island Highway, one of the busiest thoroughfares in Nanaimo, offers tenants easy access to transit, amenities, services, schools and ensures the property will continue to attract and retain high quality tenants.<\/p>\n<p>Nanaimo is attractive to a wide range of tenants and investors and offers an excellent cross-section of tenant-friendly amenities such as Country Club Centre, Nanaimo North Town Centre, and the 748,000 SF Woodgrove Centre, Vancouver Island\u2019s largest shopping Centre, all within a 10 minute drive from the Woodgrove Pines. Additionally, Nanaimo is home to Vancouver Island University (VIU), hiking trails, beaches and over 1,000 hectares of City parks.<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_15 et_pb_gutters2  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_24  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_divider_0 et_pb_space et_pb_divider_hidden\"><div class=\"et_pb_divider_internal\"><\/div><\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_25  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_divider_1 et_pb_space et_pb_divider_hidden\"><div class=\"et_pb_divider_internal\"><\/div><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div id=\"economic\" class=\"et_d4_element et_pb_row et_pb_row_16  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_26  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_17  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h2>Nanaimo Economic Highlights<\/h2>\n<ul>\n<li>The City of Nanaimo, also known as \"The Harbour City\", is situated mid-island on the east coast of Vancouver Island and was the fastest-growing census metropolitan area on Vancouver Island and one of the top five fastest-growing communities in Canada over the past five years with a population in excess of 115,000 and a growth rate of over 10.3% between 2016-2021.<\/li>\n<li>Nanaimo is especially attractive to newcomers due to the accessibility and prosperity, offering three ferry terminals connecting residents to the Lower Mainland and other communities on Vancouver Island. The prominent mid-island location provides for connection to all major economic hubs, benefiting the local economy.<\/li>\n<li>Having adopted the concept of Doughnut Economics as a guiding principle for sustainable development, Nanaimo City Council officially implemented \u201cNanaimo Reimagined\u201d, a 25-year framework designed to achieve five goals: a green Nanaimo, a connected Nanaimo, a healthy Nanaimo, an empowered Nanaimo and a prosperous Nanaimo.<\/li>\n<li>The city capitalizes on its excellent harbour, which is used for trading, servicing, and distribution industries. The health, social services, and construction sectors also contribute largely to the city\u2019s economic development.<\/li>\n<li>In 2023, Nanaimo\u2019s labour force consisted of 68,400 individuals. Nanaimo\u2019s labour force growth rate over the year was 3.3%, surpassing both the 2.2% growth rate in BC and the 1.8% growth rate of the Vancouver Island Coast. The highest number of jobs in 2023 were posted by the Vancouver Island Health Authority, followed by Vancouver Island University and Lowe\u2019s Canada.<\/li>\n<li>The unemployment rate in 2023 was 4.8%, which is below the BC (5.2%) and Canadian National Averages (5.1%).<\/li>\n<\/ul><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_section et_pb_section_11 et_pb_with_background  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_17  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_4 et_pb_column et_pb_column_27  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_18  et_pb_text_align_left et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><h3>NANAIMO RENTAL MARKET &amp; POPULATION GROWTH<\/h3>\n<p>Nanaimo consistently continues to rank as one of the strongest rental markets in Canada, with CMHC reporting 13% rent growth year-over-year. The Regional District of Nanaimo documents an increasing shortage of affordable rental and owned housing for those in low to moderate-income brackets. With Nanaimo being Canada\u2019s fifth fastest growing region due to record high immigration combined with supply imbalances, this demonstrates a strong and positive outlook for the future of Nanaimo\u2019s multifamily market fundamentals.<\/p>\n<h3>DOVER BAY NEIGHBOURHOOD<\/h3>\n<p>Dover Bay is regarded as one of Nanaimo\u2019s safest and most attractive neighbourhoods, especially for families, thanks to its close proximity to an abundance of amenities like schools, parks, shopping centers and grocery stores. Situated in Northern Nanaimo, Dover Bay is within close proximity of popular family recreation spots, including several parks and beaches such as Mc Girr Sports Field, Blueback Park and Invermere Beach.<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_3_4 et_pb_column et_pb_column_28  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_13\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1668\" src=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/drive_times.jpg\" alt=\"\" title=\"drive_times\" srcset=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/drive_times.jpg 1920w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/drive_times-1280x1112.jpg 1280w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/drive_times-980x851.jpg 980w, https:\/\/cbrecanada.com\/6597applecrossnanaimo\/wp-content\/uploads\/sites\/76\/2024\/08\/drive_times-480x417.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1920px, 100vw\" class=\"wp-image-26\" \/><\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div id=\"contact\" class=\"et_d4_element et_pb_row et_pb_row_18  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_2_5 et_pb_column et_pb_column_29  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_19  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\">For more information contact<br \/>\nBritish Columbia\u2019s Multi-Family Experts<\/p>\n<h3>Lance Coulson<\/h3>\n<p>Personal Real Estate Corporation<br \/>\nExecutive Vice President<br \/>\nNational Apartment Group - BC<br \/>\nCBRE Limited, Capital Markets<br \/>\nlance.coulson@cbre.com<br \/>\n+1 604 662 5141<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_3_5 et_pb_column et_pb_column_30  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_code et_pb_code_2\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_code_inner\"><iframe loading=\"lazy\" height=\"700\" frameborder=\"0\" width=\"100%\"  scrolling=\"no\" src=\"https:\/\/cbreemail.com\/s\/cf29cd9b231622cb0e30708c238d0874fd4cbc7b?frame=1\"><a href=\"https:\/\/cbreemail.com\/s\/cf29cd9b231622cb0e30708c238d0874fd4cbc7b\">View Survey<\/a><\/iframe><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_19  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_31  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_20  et_pb_text_align_center et_pb_bg_layout_dark\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><a href=\"https:\/\/www.cbre.ca\/en\/about\/disclaimer-terms-of-use\" target=\"_blank\" rel=\"noopener\">Disclaimer \/ Terms of Use<\/a><span>\u00a0<\/span>|<span>\u00a0<\/span><a href=\"https:\/\/www.cbre.ca\/en\/about\/privacy-policy\" target=\"_blank\" rel=\"noopener\">Privacy Policy<\/a><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-9","page","type-page","status-publish","hentry"],"dsm_author":{"name":"myung","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/60373ab54db9e779ca4ec20c8a44e7766ee4e10abe27628853f3fbc9c373dd4d?s=96&d=mm&r=g","archive_link":"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/author\/myung\/","biodata":""},"dsm_categories":[],"dsm_attachment_categories":[],"dsm_featured_image":null,"dsm_comment_count":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Woodgrove Pines - 6597, 6599 &amp; 6601 Applecross Road &amp; 6439 Portsmouth Road, Nanaimo BC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Woodgrove Pines - 6597, 6599 &amp; 6601 Applecross Road &amp; 6439 Portsmouth Road, Nanaimo BC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cbrecanada.com\/6597applecrossnanaimo\/\" \/>\n<meta property=\"og:site_name\" content=\"6597, 6599 &amp; 6601 Applecross Road &amp; 6439 Portsmouth Road, Nanaimo BC\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-25T19:01:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"23 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cbrecanada.com\\\/6597applecrossnanaimo\\\/\",\"url\":\"https:\\\/\\\/cbrecanada.com\\\/6597applecrossnanaimo\\\/\",\"name\":\"Woodgrove Pines - 6597, 6599 &amp; 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