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 Sutton Group-West Coast Realty (Nan), pending date Nov 05, 2021
Investment alert full duplex- 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 Sutton Group-West Coast Realty (Nan), pending date Nov 22, 2021
Investment alert full duplex - 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 Sutton Group-West Coast Realty (Nan), pending date Nov 22, 2021
Investment alert! full duplex- 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. City has indicated support for higher density with rezoning, to a total 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 Sutton Group-West Coast Realty (Nan), pending date Nov 05, 2021
Completely Updated University district home. 4 bedroom home with 1 bedroom legal suite is located on a quiet street on a large level lot. Main floor has restored hardwood floors. Freshly painted living room, large picture window with fireplace. New kitchen with custom cabinetry, under cabinet lighting, stainless appliances with a microwave hood vent and beautiful tiled flooring. 10x15 deck off kitchen, with stairs to the rear yard. The bathroom has New tiled surround and flooring, matching vanity and mirror. 3 bedrooms with all new trim and light fixtures. Laundry is located in a closet at the end of the hallway. Downstairs has a large family room with all new laminate flooring, paint and trim. Bedroom/Den downstairs. Separate renovated legal 1-bedroom suite. Kitchen has custom cabinetry/stainless appliances. Bathroom with stacker washer and dryer. 2 Hydro meters. Plenty of parking in driveway. Fully fenced backyard. Close to Bowen park and schools.More details
Listed by Ken Welte
of Sutton Group-West Coast Realty (Nan)
