+24 more
8
Bedrooms
2
Bathrooms
2,352 sqft
Living Area
9,405 sqft
Lot
2
Parking
About This Property
This 8-bedroom, 2-bathroom multi-family in Nanaimo offers 2,352 sqft of living area on a 9,405 sqft lot. The property has lot dimensions of 9405, zoned Unknown. The home features forced air, natural gas heating. Highlights include a 2-car garage.
MLS Remarks
This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental. (id:60351)
Documents & Attachments
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