334-336 HOWARD NANAIMO

University District neighbourhood of Nanaimo British Columbia Canada V9R 3R7
$1,100,000

334-336 HOWARD NANAIMO

  • Price: $1,100,000
  • MLS Number: 917370
  • Square Footage: 5084 Sq Ft
  • Property Type: Single Family

University District 4 plex! This is a solid investment with a stable income stream. Situated on .23 of an acre property with plenty of parking is this Duplex zoned property with 4 units, 2 unauthorized lower suites, which are city recognized. This building is well maintained and offers over 5000 sq ft of living space with a total of 9 bedrooms, 6 baths & 2 laundry rooms. Equipped with 2 hydro meters, gas fired-zoned hot water heating system, 2 large hot water tanks and 4 fireplaces. Various updates have been made along the way as needed which include roof, vinyl windows, appliances, flooring, fixtures & cabinets. All units are spacious and are as follows – two 3-bedroom upper units (1158 sq ft & 1525 sq ft), one 2-bedroom lower unit (1204 sq ft) and one 1-bedroom lower unit (844 sq ft). Consistent revenue over the years currently shows a 4.7% cap rate with rent increases in place for 2023. Information Package available. Measurements approximate & data should be verified if important.

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