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Nanaimo,BC V9S 1C9
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,845 sqft
Price per Sqft $514
MLS Listing ID 1011102
Style Main Level Entry with Lower Level(s)
Year Built 1971
Annual Tax Amount $6,766
Tax Year 2025
Lot Size 4,356 Sqft
Property Sub-Type Quadruplex
Property Description
Fantastic investment opportunity in this legal 4-plex only 2 blocks to the waterfront walkway and Nanaimo Yacht Club. Located on one of the city's most picturesque streets, in the Newcastle area, this property features four fully self-contained studio suites, each with a large private patio area for outdoor living. All four units have their own hot water tank and electrical meter, as well as plenty of parking for the landscaped corner lot. R8 multi-family zoning offers future development potential within walking distance of downtown and only minutes to Departure Bay ferry terminal. Generating over $45,000 gross revenue, this is a rare gem in a desirable area of Nanaimo's evolving core.
Location
Province BC
County Nanaimo, City Of
Area Na Brechin Hill
Zoning R8
Rooms
Kitchen 4
Interior
Heating Baseboard,Electric
Cooling None
Flooring Mixed
Laundry None
Exterior
Exterior Feature Balcony/Patio,Fenced,Garden
Parking Features Open
Roof Type Asphalt Torch On
Building
Lot Description Central Location,Corner,Easy Access,Landscaped,Marina Nearby,Recreation Nearby,Shopping Nearby
Building Description Frame Wood,Stucco, Transit Nearby
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Stucco
Others
Acceptable Financing Purchaser To Finance
Listing Terms Purchaser To Finance
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs