Duplex for sale

647 Farquhar St, Nanaimo

$899,900 or
$899,900 or

Duplex for sale

647 Farquhar St, Nanaimo

Features

Lifestyle
8 bedrooms
4 bathrooms
953219 899900 /en/duplex~for-sale~nanaimo/953219?view=Summary /en/duplex~for-sale~nanaimo/953219/photos 49.1566600000 -123.9380500000 true
Style
Duplex Side/Side
Year Built
1975
Floor Area
3,720 sqft
Lot Size
8,712 sqft
Gross Property Tax
$3,513 /year
Zoning
R14
76

Description

Great opportunity for investors, or those looking for a family home with mortgage helpers! This full duplex sits on a large R14 (Old City Low Density-Fourplex) lot and offers three units with a total of 8 bedrooms and 4 bathrooms. Unit A is a 2 bedroom, 1 bathroom unit tenanted to great long term tenants. Unit B is a 4 bedroom, 2 bathroom vacant unit that features a flex room in the basement with fridge and sink which would be perfect for a teenage hangout or hosting a student or local athlete! Unit C is also vacant and features a nicely updated 2 bedroom, 1 bathroom unit. All of this sits near the end of a quiet dead end street on an oversized lot with huge fenced back yard. Each unit has separate access, parking, in unit laundry and the two vacant units have been freshly updated and are ready for new tenants. At current rates and market rents, this property makes sense for a positive cashflow investment from day one and the zoning/lot size lend to great future development potential.
MLS® Number 953219

Listing REALTORS®

Robyn Hewer, REALTOR<sup>®</sup>

Robyn Hewer

REALTOR®

460 Realty Inc. (NA)

Olivia Rowat, REALTOR<sup>®</sup>

Olivia Rowat

REALTOR®

460 Realty Inc. (NA)

Location

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  • 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.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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