546 Wakesiah Ave Nanaimo, British Columbia V9R 3L1

$749,000

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:46156)

Property Details

MLS® Number	1010599
Property Type	Single Family
Neigbourhood	University District
Parking Space Total	4

Building

Bathroom Total	3
Bedrooms Total	6
Constructed Date	1981
Cooling Type	None
Heating Type	Baseboard Heaters
Size Interior	212 Ft2
Total Finished Area	212 Sqft
Type	House

Parking

Carport

Land

Acreage	No
Size Irregular	4830
Size Total	4830 Sqft
Size Total Text	4830 Sqft
Zoning Description	Cor1
Zoning Type	Residential

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Bathroom			4-Piece
Lower Level	Bedroom			9'7 x 10'2
Lower Level	Bedroom			9'8 x 12'10
Lower Level	Bedroom			9'8 x 11'10
Lower Level	Living Room			11'9 x 15'4
Lower Level	Kitchen			11'6 x 15'4
Main Level	Ensuite			2-Piece
Main Level	Bathroom			4-Piece
Main Level	Bedroom			9'0 x 10'7
Main Level	Bedroom			10'5 x 11'5
Main Level	Bedroom			9'0 x 11'9
Main Level	Dining Room			10'5 x 7'1
Main Level	Kitchen			10'5 x 8'8
Main Level	Living Room			12'7 x 17'11

https://www.realtor.ca/real-estate/28709726/546-wakesiah-ave-nanaimo-university-district