546 Wakesiah Ave Nanaimo, BC V9R 3L1
6 Beds
3 Baths
212 SqFt
UPDATED:
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
Rental Info Unrestricted
Year Built 1981
Annual Tax Amount $4,298
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Single Family Detached
Property Description
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
Basement Full, Walk-Out Access, With Windows
Main Level Bedrooms 3
Kitchen 2
Interior
Heating Baseboard
Cooling None
Heat Source Baseboard
Laundry Common Area
Exterior
Parking Features Carport
Carport Spaces 1
Roof Type Fibreglass Shingle
Total Parking Spaces 4
Building
Faces East
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Additional Building Exists
Structure Type Frame Wood,Insulation All,Insulation: Ceiling,Insulation: Partial,Insulation: Walls,Stucco
Others
Pets Allowed Yes
Restrictions ALR: No
Tax ID 004-310-462
Ownership Freehold
Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs
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