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Parklane Mobile Home Park

  • $6,100,000

Salient Details

  • Lot Size 10 Acres (435,600 sf)
  • Year Built 1974
  • Net Income $327,008
  • Cap Rate 5.36%

Parklane Mobile Home Park

Central Vancouver Island Mobile Home Park Consisting of 75 Pads on 10 Acres of Land.
971 Douglas Avenue - Brochure
Download the Brochure
McEvay Blair Multifamily Group - Parklane Mobile Home Park - 971 Douglas Avenue Nanaimo 34

Investment Highlights

Attractive Location
Centrally located on the east coast of Vancouver Island, Nanaimo serves as the island’s economic and transportation hub. Parklane Mobile Home Park is nestled in a peaceful, rural setting while offering easy access to urban amenities along the Nanaimo Parkway and Trans-Canada Highway. Residents benefit from proximity to shopping, healthcare, schools, and recreation, making this an attractive and stable rental community.
City Services & HandsOff Management
The park is connected to municipal water and sewer services, ensuring lower maintenance costs and operational efficiency. An on-site superintendent provides day-to-day management, reducing ownership involvement and enhancing operational ease.
Immediate Scale
With 75 pads spread across 10 acres, this mobile home park provides investors with instant scale in a high-demand, low-supply market. The diverse tenant base and established rental income stream ensure immediate cash flow stability, making it an attractive addition to any portfolio.
Attractive Yield & Significant Upside
The property offers a strong going-in cap rate of over 5%, providing investors with an attractive return on investment. Additionally, existing pad rents are below market rates, presenting substantial upside potential through rent adjustments and operational efficiencies.

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Contact us

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick