546 Wakesiah Ave Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 3L1
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 212 sqft
Price per Sqft $3,533
MLS Listing ID 1010599
Style Main Level Entry with Upper Level(s)
Bedrooms 6
Year Built 1981
Annual Tax Amount $4,298
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Single Family Detached
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.
Location
Province BC
County Nanaimo, City Of
Area Na University District
Zoning COR1
Rooms
Kitchen 2
Interior
Heating Baseboard
Cooling None
Laundry Common Area
Exterior
Parking Features Carport
Roof Type Fibreglass Shingle
Building
Building Description Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Partial,Insulation: Walls,Stucco, Main Level Entry with Upper Level(s)
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Partial,Insulation: Walls,Stucco
Others
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
Virtual Tour https://my.matterport.com/show/?m=wqWbMhSnqKG