546 Wakesiah Ave Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R3L1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 212 sqft
Price per Sqft $3,533
Subdivision University District
MLS Listing ID 1010599
Bedrooms 6
Year Built 1981
Lot Size 4,830 Sqft
Property Sub-Type Freehold
Property Description
Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential. (id:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 2.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features Yes
View Y/N No