Real Estate Investment:  Prospect at Harbourview - Nanaimo

About This Property

Prospect is a five-story, 76 unit building, conveniently located near the heart of Downtown Nanaimo. Fusing affordability and style, Prospect is the second of four buildings that will shape the Harbourview District and redefine urban living in Nanaimo.

Enjoy ocean, mountain or park views from a variety of studio to spacious 1 and 2 bedroom homes, all with a secure underground parking stall, and access to a rooftop patio with incredible ocean views. All homes come with 5 stainless steel appliances and two sophisticated colour palettes to choose from to tailor a space that fits your style.

Get into the real estate market now with a low 15% deposit. Pay the balance when you take possession—estimated for the Fall of 2021.

  • Patio
  • Underground Parking
  • Roof Top Patio
  • Common BBQ
  • Rentals Allowed
  • Pets Allowed
  • 5 Storeys
  • 76 Suites
  • Estimated strata fees are $0.31/ sq. ft.
  • Scheduled completion date is Fall/ Winter 2021
  • Deposit structure is 10% on Contract and additional 5% on issuance of the Building Permit.

The Neighbourhood

The moment you enter the Harbourview District, you are greeted by ocean views spanning Nanaimo's harbour. Overlooking the downtown core and the Port of Nanaimo, this neighbourhood was once the center of Nanaimo's booming coal mining industry. With renovations to many of the area's grand Victorian homes and miners cottages, this south-end community is undergoing revitalization and attracting buyers looking for a slice of history in an up-and-coming urban setting.

Within a ten-minute walking radius, you will find some of Nanaimo's best retail and dining experiences. The district's historic charm, diversity and walkability to the heart of downtown creates an urban environment like no other in the Nanaimo area.

Starting Prices

Studios from $159,900 - $199,900 + GST

1 Bedroom from  $229,900 - $319,900 + GST

1 Bedroom + Den from $309,900 - $419,900 + GST

2 Bedroom from $349,900 - $459,900 + GST

   

     

Studio - J Plan  387 sqft. 

$159,900 - $199,900 + GST

  • $40,700     Cash required to buy.  (20% down + closing costs)
  • $950.00     Gross monthly rent
  • $285.33      Monthly expenses (Strata Fees, insurance, taxes, vacancies, etc)
  • $630.45      Monthly Mortgage Payment at 2.89% 
  • $52.00         Monthly Positive Cash Flow
  • 24% Annualized ROI over 10 years.

View the Full Pro-Forma


1 Bedroom - D Plan  618 sqft. 

$229,900 - $319,900 + GST

  • $66,000     Cash required to buy.  (20% down + closing costs)
  • $1,500.00     Gross monthly rent
  • $436.00      Monthly expenses (Strata Fees, insurance, taxes, vacancies, etc)
  • $975.00      Monthly Mortgage Payment at 2.89% 
  • $89.00         Monthly Positive Cash Flow
  • 25% Annualized ROI over 10 years.

View the Full Pro-Forma


2 Bedroom - C Plan  895 sqft. 

$349,900 - $459,900 + GST

  • $85,000     Cash required to buy.  (20% down + closing costs)
  • $2,000.00     Gross monthly rent
  • $576.00      Monthly expenses (Strata Fees, insurance, taxes, vacancies, etc)
  • $1,254.00      Monthly Mortgage Payment at 2.89% 
  • $170.00         Monthly Positive Cash Flow
  • 26% Annualized ROI over 10 years.

View the Full Pro-Forma


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