23 Albion St, Nanaimo
Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket. Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love. The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood. Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase (id:62865)
Status
Active
Year Built
1956
Property Type
Duplex
Ownership
Freehold
Parking Spaces
2
Annual Tax
$4,324
Zoning
Duplex
Parcel Number
005-894-867
Data Source
Vancouver Island Real Estate Board
Bedrooms
4
Bathrooms
2
Living Area
1658 square feet
Lot Size
6229.0 sqft
Lot Features
Heating
Baseboard heaters
Cooling
None
$699,000
Office
Sutton Group-West Coast Realty (Nan)
Loan Amount:
$559,200
Estimated Monthly Payment:
$2,725
This is an estimate for informational purposes only. Consult with a financial advisor.
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