Bought with Selina Xia eXp Realty (NA)
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $685,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $323
MLS Listing ID 1023285
Sold Date 03/19/26
Style Main Level Entry with Upper Level(s)
Bedrooms 6
HOA Y/N No
Year Built 1981
Annual Tax Amount $4,685
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Single Family Residence
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
Community Na University District
Area Nanaimo
Zoning COR1
Rooms
Kitchen 2
Interior
Heating Baseboard
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Garage Spaces 4.0
View Y/N false
Roof Type Fibreglass Shingle
Total Parking Spaces 4
Garage No
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Restrictions ALR: No
Ownership Freehold
Special Listing Condition Resale
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP