1678 Extension Rd, Nanaimo, BC V9X 1A5

$1,299,900

Courtesy of Sutton Group-West Coast Realty (Nan)

List Price
$1,299,900
Status
ACTIVE
MLS®
877558
Property Type
Commercial
Acres
0.63
Lot Size
27,443
District
Nanaimo
Neighbourhood
Na Chase River

Property Description

4-Plex with further development potential. Possible rezoning to allow up to another 8 units with approval. Gross income of $62k) see NOI statement in supplies. A fantastic holding property. With .63 acres, this mature, nicely manicured lot. Self-contained units with in suite laundry in each suite. 2 bed, 1 bath and approximately 800 sq feet per home. Each unit has its own deck /patio space, updated 4 piece bath and plenty of parking. Units A just completely renovated, Unit D was renoed recently B and C need some TLC. Caretakers suite in basement is partially finished. Close to all levels of shopping, about 7 minutes to downtown Nanaimo, and 3 minutes to parkway access, this property is in a quickly developing area and will be a great investment for years to come. All measurements and data are approximate and should be verified if deemed important.

Additional Information

Heating
Baseboard, Electric
Exterior Features
Balcony/Patio
Parking Type
On Site
Taxes
$4,211
Rentals Allowed
Unrestricted

Mortgage Calculator

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Calculator source: Real Geeks

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