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$749,000
546 Wakesiah Ave
Nanaimo, British Columbia, British Columbia, V9R3L1
MLS® Number: 1010599
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.
Building information
Type
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Constructed Date
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Cooling Type
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Heating Type
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Size Interior
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Total Finished Area
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Land information
Size Irregular
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Size Total
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Rooms
Main level
Living room
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Kitchen
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Dining room
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Bedroom
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Bedroom
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Bedroom
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Bathroom
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Ensuite
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Lower level
Kitchen
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Living room
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Bedroom
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Bedroom
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Bedroom
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Bathroom
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Courtesy of Pemberton Holmes Ltd. (Pkvl)
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