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1575 Townsite Rd, Nanaimo

MLS® #1033554
About this Property

Investment Opportunity in Central Nanaimo. Priced below assessed value!! Discover this versatile legal duplex with a bonus unauthorized suite, ideally situated in a sought-after rental hub near Vancouver Island University, Nanaimo Regional General Hospital, public transit, and major shopping centers. This income-generating property offers three separate suites: Two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath suite. Enjoy stunning views of Mt. Benson, two separate hydro meters, a covered carport with parking for two vehicles, and a spacious 11,000 sq.ft. lot. Whether you're looking to live in one unit while renting out the others, or fully lease all three, this property is well-positioned to capitalize on Nanaimo’s low vacancy rates and strong rental demand. Currently tenanted, it's a turnkey opportunity to start or expand your real estate portfolio. (id:62865)

Property Information

Status

Active

Year Built

1968

Property Type

Duplex

Ownership

Freehold

Parking Spaces

4

Annual Tax

$5,209

Zoning

Multi-Family

Parcel Number

005-656-125

Data Source

Vancouver Island Real Estate Board

Interior Details

Bedrooms

5

Bathrooms

3

Living Area

2107 square feet

Building & Utilities

Heating

Baseboard heaters, Electric

Cooling

See Remarks

$739,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
5Beds
3Baths
2107sqft
Listing Courtesy of

Office

REMAX Professionals (NA)

Mortgage Calculator
$147,800

Loan Amount:

$591,200

Estimated Monthly Payment:

$2,881

This is an estimate for informational purposes only. Consult with a financial advisor.