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.
Address
546 Wakesiah Ave
List Price
$749,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
sale
Area
Nanaimo
Sub-Area
Na University District
Bedrooms
6
Bathrooms
3
Floor Area
212 Sq. Ft.
Lot Size
4830 Sq. Ft.
Lot Size (Acres)
0.11 Ac.
Year Built
1981
MLS® Number
1010599
Listing Brokerage
Pemberton Holmes Ltd. (Pkvl)
Basement Area
Full, Walk-Out Access, With Windows
Postal Code
V9R 3L1
Tax Amount
$4,298.00
Tax Year
2024
Features
Baseboard