Key insights
This home is
2%
Time on Houseful
74 Days
School rated
4.4/10
Nanaimo
-2.51%
- Houseful
- BC
- Nanaimo
- University District
- 546 Wakesiah Ave
Highlights
Description
- Home value ($/Sqft)$353/Sqft
- Time on Houseful74 days
- Property typeSingle family
- Neighbourhood
- Median school Score
- Year built1981
- Mortgage payment
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. (id:63267)
Home overview
Amenities / Utilities
- Cooling None
- Heat type Baseboard heaters
Exterior
- # parking spaces 4
- Has garage (y/n) Yes
Interior
- # full baths 3
- # total bathrooms 3.0
- # of above grade bedrooms 6
Location
- Subdivision University district
- Zoning description Residential
Lot/ Land Details
- Lot dimensions 4830
Overview
- Lot size (acres) 0.11348684
- Building size 2120
- Listing # 1010599
- Property sub type Single family residence
- Status Active
Rooms Information
metric
- Living room 3.581m X 4.674m
Level: Lower - Bedroom 2.921m X 3.099m
Level: Lower - Bedroom 2.946m X 3.607m
Level: Lower - Bathroom 4 - Piece
Level: Lower - Bedroom 2.946m X 3.912m
Level: Lower - Kitchen 3.505m X 4.674m
Level: Lower - Living room 3.835m X 5.461m
Level: Main - Kitchen 3.175m X 2.642m
Level: Main - Bedroom 2.743m X 3.226m
Level: Main - Bathroom 4 - Piece
Level: Main - Bedroom 2.743m X 3.581m
Level: Main - Ensuite 2 - Piece
Level: Main - Bedroom 3.175m X 3.48m
Level: Main - Dining room 3.175m X 2.159m
Level: Main
SOA_HOUSEKEEPING_ATTRS
- Listing source url Https://www.realtor.ca/real-estate/28709726/546-wakesiah-ave-nanaimo-university-district
- Listing type identifier Idx
The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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