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:44393)
| MLS® Number | 1010599 |
| Property Type | Single Family |
| Neigbourhood | University District |
| Parking Space Total | 4 |
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Constructed Date | 1981 |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Interior | 2,120 Ft2 |
| Total Finished Area | 2120 Sqft |
| Type | House |
| Carport |
| Acreage | No |
| Size Irregular | 4830 |
| Size Total | 4830 Sqft |
| Size Total Text | 4830 Sqft |
| Zoning Description | Cor1 |
| Zoning Type | Residential |
| 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
Contact us for more information
Jason Ridout
(250) 248-8801
www.pembertonholmesparksville.com/
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