30,817

MLS® Number 459724

Multiplex For sale

$629,000 or

5655/5657 Metral Drive, Nanaimo

Features

14 rooms 6 bedrooms 2+0 bathrooms/half baths
459724 629000 /en/duplex~for-sale~nanaimo/459724?view=Summary /en/duplex~for-sale~nanaimo/459724/photos 49.2195646338 -124.0402666549 true
Style Side X Side (Duplex)
Year Built 1968
Floor Area 2,138 sqft
Lot Size 22,041 sqft
Features Central Location, Easy Access, Highway Access, Private Setting, Southern Exp, Low Maint Yard, Shopping Nearby, Recreation Nearby, Quiet Area, Landscaped, Can Be Rented, Natural Gas To Lot
Amenities Thermal Windows, Rv Parking, Main Level Entry

Description

Development property with side by side duplex. One side is currently rented for $1,300 per month. The other side is vacant with recent updates and is move in ready, just choose your next tenant. The current R4 Duplex Zoning will allow the .506 acre lot to be subdivided into 2 duplex lots. The City of Nanaimo is supporting higher density in this area and has indicated the possibility of rezoning to R5 (Three and Four Unit Residential) making this an ideal property for a small development. The location is close to all the amenities of North and Central Nanaimo and the condition of the duplex is turn key ready offering great cash flow while you plan your development. Measurements are approximate & data should be verified if important.
Tony Smith

Tony Smith

RE/MAX Of Nanaimo

Contact me

Calculate mortgage payments

629,000
(%)
(years)
Payment frequency
Payment amount
Monthly payment chart

Calculate borrowing capacity

Payment frequency
(%)
(years)
Mortgage amount
  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
1 1 30817
Back top