89 Princess St Nanaimo, British Columbia V9R 4M4

$659,900

This property features income-generating suites, each with private entrances, situated in an area with high rental demand. An excellent opportunity to begin or expand a real estate portfolio and leverage tenant income to cover mortgage costs. The property currently generates over $3,800 in monthly revenue. The upper unit includes two bedrooms, one bathroom, and direct access to a sunlit backyard. Additionally, there is a one-bedroom lower suite and a third bachelor suite. Benefiting from exposure on two road frontages, the property offers convenient parking. Its proximity to downtown and the university makes it ideal for both rental investment and owner-occupation. The yard is low-maintenance, and the home has undergone numerous recent updates, including the roof. (id:46156)

Property Details

MLS® Number	997733
Property Type	Single Family
Neigbourhood	South Nanaimo
Parking Space Total	5
Plan	Vip1662

Building

Bathroom Total	3
Bedrooms Total	3
Constructed Date	1980
Cooling Type	None
Fireplace Present	Yes
Fireplace Total	1
Heating Type	Baseboard Heaters
Size Interior	1,861 Ft2
Total Finished Area	1861 Sqft
Type	House

Land

Acreage	No
Size Irregular	3960
Size Total	3960 Sqft
Size Total Text	3960 Sqft
Zoning Type	Residential

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Kitchen			17'7 x 11'8
Lower Level	Kitchen			4'1 x 10'1
Lower Level	Bedroom	10 ft		10 ft x Measurements not available
Lower Level	Entrance			11'7 x 5'11
Lower Level	Laundry Room			7'1 x 6'4
Lower Level	Bathroom			3-Piece
Lower Level	Ensuite			3-Piece
Main Level	Dining Room			10'8 x 8'7
Main Level	Kitchen			10'11 x 10'6
Main Level	Living Room	17 ft		17 ft x Measurements not available
Main Level	Bathroom			5-Piece
Main Level	Primary Bedroom			11'11 x 11'9
Main Level	Bedroom			13'10 x 8'10

https://www.realtor.ca/real-estate/28266590/89-princess-st-nanaimo-south-nanaimo