546 Wakesiah Ave, Nanaimo, British Columbia

$749,000

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Beds

Baths

2,120

Square feet

0.11

Acres

Overview
Facts & Features
Map & Directions
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About 546 Wakesiah Ave

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:6289)

Features of 546 Wakesiah Ave

Listing #	1010599
Price	$749,000
Bedrooms	6
Bathrooms	3.00
Square Footage	2,120
Acres	0.11
Year Built	1981
Type	Single Family
Sub-Type	Freehold

Community Information

Address	546 Wakesiah Ave
Subdivision	University District
City	Nanaimo
Province	British Columbia
Postal Code	V9R3L1

Amenities

Parking Spaces	4
Parking	Carport
# of Garages	1
Is Waterfront	No
Has Pool	No

Interior

Heating	Baseboard heaters
Cooling	None
Fireplace	No
Has Basement	No

Additional Information

Zoning	Residential

Listing Details

Office	Pemberton Holmes Ltd. (Pkvl)

Listing Map

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