R14 zoned property in the Old City with a 114 year home and separate rear lot (separate title, can build up to a 4plex on, no DCCs).
Great revenue property for the right buyer. Grossing $4200/month income. Coin laundry for tenants use adds extra income.
Over $40,000 in updates recently - including new flooring, renovated bathroom, new kitchens, some new appliances, new back deck and stairs. Newer roof and furnace. Updated plumbing and wiring throughout. Newer siding, newer carpeting, and much more.
The basement features a garage and lots of storage space. The yard is fully fenced and very private with pear and hazelnut trees - and features a patio for use by the tenants. Vacancies are rare. Great tenants in place (all students).
Rental is authorized by the City of Nanaimo and 100% compliant with all fire and bylaw code. Property manager also in place.
This home is on the City of Nanaimo's "Heritage Walk" of homes in the Old City. Incredible value!