Dream Investment or Dream Home? Explore the Opportunities at 905 Terminal Ave N, Nanaimo, BC

$789,000

7 Beds | 3 Baths | 2,500 SqFt

905 Terminal Ave N, Nanaimo, BC V9S 4K3

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Few listings in British Columbia's real estate market offer the versatility that 905 Terminal Ave N of Nanaimo does. Located amidst the vibrant neighbourhood of Brechin Hill/Central Nanaimo, this home presents a rare blend of residential tranquility and commercial opportunity, all for a listing price of $789,000.

This solid fir-frame home comprises a primary residence of 4-bedroom, 2-bathroom and a separate suite of 3-bedroom, 1-bathroom. It's the perfect setup for a large family needing extra space, or for those considering rental income. The home's timeless charm is exemplified by the solid fir floors, exuding a nostalgic warmth that resonates with the character of Nanaimo itself.

The property doesn't just offer a home, but a lifestyle. Located at a high-exposure corner, it is within walking distance to shopping and recreational facilities. The close proximity to downtown and the Vancouver Island University makes this an attractive proposition for both families and students, reflecting in the high rental demand in the area.

The house also comes with an updated roof and freshly painted exterior, enhancing its curb appeal. It is currently generating $5,000 per month in rental revenue and includes the additional income from renting the highway sign. Whether you choose to live in it or let it out, this property is a lucrative investment.

If you're an investor, the property's location on a prominent corner plot offers potential for future development. If you're a homeowner, you'll enjoy a comfortable residence that pays for itself. Regardless of your goal, this house is built to last and fulfill your dreams.

The highly sought-after 905 Terminal Ave N is fully tenanted on both floors. Notice is required for showings, so book your tour today to fully appreciate this property's endless possibilities. Don’t miss out on this unique opportunity in the heart of Nanaimo!