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Duncan MLS Real Estate

British Columbia Canada

250-748-7200

mail@remax-duncan.bc.ca

522 HECATE NANAIMO

OTHER neighbourhood of Other British Columbia Canada V9R 4K2
$749,900

Vancouver Island & Area Real Estate

  • Address: 522 HECATE NANAIMO
  • Province: British Columbia
  • Area: Other
  • Postal Code: V9R 4K2
  • Neighborhood: OTHER
  • Country: Canada
  • Price: $749,900
  • MLS Number: 858698
  • Bedrooms: 3
  • Bathrooms: 7
  • Square Footage: 2925 Sq Ft
  • Property Type: Single Family

522 HECATE NANAIMO, OTHER, Other


Vancouver Island Real Estate
British Columbia, Canada


Here is a great opportunity to own a rare historical building in downtown Nanaimo. Built in 1891, this original 6-plex offers incredible rental income. The main floor houses 3 units, 2 bachelor suites & the 3rd is a spacious 1 bedroom. Upstairs you will find two more spacious 1 bedrooms suites both with peek-a-boo ocean & downtown views. Outside & around the back of the complex is another bright bachelor unit with its own additional mudroom. Little needs to be done here with the building having a new roof, windows, siding & paint. There is an efficient natural gas radiant heat system to keep cost down. In addition to the complex, there is a large detached shop that is roughed in for communal laundry, which could easily be turned into multiple storage lockers for individuals renting the units. The rental potential in this building is $5300 with all units occupied that would give you a 7% CAP rate!! If you’re looking for an amazing investment, look no further.

Nanaimo Real Estate REALTOR

REALTOR ON DUTY - REALTOR ON DUTY
REALTOR ON DUTY - REALTOR ON DUTY
250-748-7200

RE/MAX of Duncan
472 Trans Canada Highway
Duncan, British Columbia
250-748-7200 | TF: 1-800-976-5566
Each office independently owned & operated

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NOTE: MLS® System Listing data copyright® the Vancouver Island Real Estate Board. The MLS® trademark is owned by CREA, and CREA has proprietary ownership of the REALTOR® trademark.

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