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Marika Soleil

info@livvokanagan.com +1(250) 575-7745

$ 669,000

Est. payment | -/mo

5 Beds

2 Baths

2,093 SqFt

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$ 669,000

Est. payment | -/mo

Save

5 Beds

2 Baths

2,093 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2093

Square Footage 2,093 sqft

Price per Sqft $319

Subdivision Old City

MLS® Listing ID 1051042

Style Westcoast

Bedrooms 5

Year Built 1955

Lot Size 9,321 Sqft

Acres 9321.0

Property Sub-Type Freehold

Property Description

$43,200 ANNUAL RENTAL INCOME + 9,300 SQ. FT. LOT + R8 ZONING! This income-producing property offers investors a compelling combination of current rental revenue and long-term redevelopment potential in Nanaimo's historic Chinatown neighbourhood. The property currently generates $3,600/month ($43,200/year) in rental income, with month-to-month tenants who wish to stay. The generous 9,300 sq. ft. lot and R8 zoning provide significant long-term potential, making this an attractive holding property for investors looking beyond immediate positive cash flow. The character home features original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern views toward Mt. Benson, a spacious living room, and an oversized primary bedroom. A nicely finished 3-bedroom lower suite, private south-facing deck, and fenced backyard add further appeal. Recent updates include a newer roof, windows, and furnace. Conveniently located close to shopping, schools, and transportation. Strong rental income today. Substantial land value and redevelopment potential for tomorrow. Measurements are approximate; buyer to verify. (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 2.0

Extra Room 1 Lower level 13'6 x 13'8 Primary Bedroom

Extra Room 2 Lower level 16'5 x 10'0 Bedroom

Extra Room 3 Lower level 12'3 x 8'7 Bedroom

Extra Room 4 Lower level 7'8 x 6'8 Bathroom

Extra Room 5 Lower level 6'6 x 10'2 Utility room

Extra Room 6 Lower level 14'9 x 6'2 Kitchen

Interior

Heating Forced air, ,

Cooling None

Exterior

Parking Features No

View Y/N Yes

View City view, Mountain view

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Architectural Style Westcoast

Others

Ownership Freehold

Listed by Stonehaus Realty Corp.

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(250) 575-7745

info@livvokanagan.com

1100-1631 Dickson Ave, Canada

619 Pine St Nanaimo, BC V9R2C7

Marika Soleil

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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619 Pine St