4-Plex with further development potential. Possible rezoning to allow up to another 8 units with approval. Gross income of $62k) see NOI statement in supplies. A fantastic holding property. With .63 acres, this mature, nicely manicured lot. Self-contained units with in suite laundry in each suite. 2 bed, 1 bath and approximately 800 sq feet per home. Each unit has its own deck /patio space, updated 4 piece bath and plenty of parking. Units A just completely renovated, Unit D was renoed recently B and C need some TLC. Caretakers suite in basement is partially finished. Close to all levels of shopping, about 7 minutes to downtown Nanaimo, and 3 minutes to parkway access, this property is in a quickly developing area and will be a great investment for years to come. All measurements and data are approximate and should be verified if deemed important.More details
Listed by Ken Welte
of Sutton Group-West Coast Realty (Nan)
4-Plex with further development potential. Possible rezoning could allow up to another 8 units with approval. Gross income of $62k see NOI statement in remarks. A fantastic holding property. With .63 acres, this mature, nicely manicured lot. Self-contained units with in suite laundry in each suite. 2 bed, 1 bath and approximately 800 sq feet per home. Each unit has its own deck /patio space, updated 4 piece bath and plenty of parking. Units A just completely renovated, Unit D was renoed recently B and C need some TLC. Caretakers suite in basement is partially finished. Close to all levels of shopping, about 7 minutes to downtown Nanaimo, and 3 minutes to parkway access, this property is in a quickly developing area and will be a great investment for years to come. All measurements and data are approximate and should be verified if deemed important.More details
Listed by Ken Welte
of Sutton Group-West Coast Realty (Nan)
Investment alert - great buy and hold - good income with redevelopment potential!. Side by side duplex on 0.78 of an acre within the city limits. 3 bedrooms on each side with two on the main and one in the basement. Both sides have their own laundry. Both sides have carports. Lower level is partially finished on both sides. Walking distance to elementary school and only 5 mins to Southgate shopping centre with restaurants and pharmacy stores. On Bus route. Good tenants that want to stay. Generate income during the planning stage. City showing support for rezoning to allow up to 16 units. Some recent updates but will still need some TLC. Buyers should verify this with the planning dept.More details
Listed by Ken Welte
and Joseph Goh
of Sutton Group-West Coast Realty (Nan)
Investment alert - great buy and hold - good income with redevelopment potential!. Side by side duplex on 0.78 of an acre within the city limits. 3 bedrooms on each side with two on the main and one in the basement. Both sides have their own laundry. Both sides have carports. Lower level is partially finished on both sides. Walking distance to elementary school and only 5 mins to Southgate shopping centre with restaurants and pharmacy stores. On Bus route. Good tenants that want to stay. Generate income during the planning stage. City showing support for rezoning to allow up to 16 units.More details
Listed by Ken Welte
and Joseph Goh
of Sutton Group-West Coast Realty (Nan)
Investment alert! - excellent buy and hold - generate income with redevelopment potential. Side by side duplex on over half an acre within the city limits. 3 bedrooms on one side and 4 on the other, both with carports. The lower level on one side has room for an additional bedroom. Walking distance to elementary school and only 5 mins to Southgate shopping centre with restaurants and pharmacy stores. On Bus route. Left side is currently rented, right side is vacant and can be rented at market rates. Needs some TLC. The city has indicated support for higher density, with rezoning total amount of 13 units. Buyers should verify this with the planning dept. Property next door currently listed - prime candidate for land assembly.More details
Listed by Ken Welte
and Joseph Goh
of Sutton Group-West Coast Realty (Nan)
