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Nanaimo,BC V9R1N6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,958 sqft
Price per Sqft $341
Subdivision South Nanaimo
MLS Listing ID 1008841
Bedrooms 5
Year Built 1943
Lot Size 5,632 Sqft
Property Sub-Type Freehold
Property Description
Boasting an ideal location close to the University, this Fifth Street property comprises two vacant, attached residences situated on a 0.13-acre corner lot, offering the savvy investor an excellent investment opportunity with the potential for multiple income streams. Located just 1 km from the Vancouver Island University campus and an easy 5-minute stroll from the University Village Mall, this pedestrian-friendly area is an attractive and convenient choice for university students and renters alike. Meanwhile, with several neighbourhood parks in the immediate vicinity and a 3-minute car ride to both an elementary and a high school (or 14 minutes on foot), this would also be an ideal property for growing families, for multigenerational living, or for those looking for an income helper. Offering a combined 1,958 sqft of well-appointed living space, there is a total of five bedrooms (with the potential for a sixth) and two bathrooms. The authorized secondary suite, the larger of the two spaces, offers a functional floor plan for renters or a family with three spacious bedrooms upstairs, one of which is large enough to be divided to create a fourth bedroom, and a 4-piece bathroom and laundry room on the main floor. The smaller suite facing Fifth Street, originally a miner's cabin, provides two further bedrooms, a 4-piece bathroom, and laundry facilities. The lot is low-maintenance and offers both units a dedicated outdoor sitting space, with the bonus of ample off-street parking. A great option for a growing or multigenerational family, a savvy investor, or a combination of both, this ideally located property is sure to tick all the boxes. Don't miss out on the opportunity to realize the exceptional investment potential this property offers. Data and measurements have been provided by ProPhotoVI, BC Assessment, and the Property Report and should be verified if important. (id:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 2.0
Interior
Heating Baseboard heaters,
Cooling None
Exterior
Parking Features No
View Y/N No