Multi-family for sale

50 Harewood Rd, Nanaimo

$1,450,000 or
$1,450,000 or

Multi-family for sale

50 Harewood Rd, Nanaimo

Features

Lifestyle
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Floor Area
1,849 sqft
Lot Size
20,909 sqft
Gross Property Tax
$9,123 /year
Zoning
R6
Additional Features
Central Location, Corner, Irregular Lot, Landscaped, Recreation Nearby, Shopping Nearby
Total no. of Units
7
78

Description

Excellent Commercial/Residential Investment Opportunity in the University District of Nanaimo, BC. The ½ acre treed and level property features an 1849 Sq. Ft. Single Family Home over 2 levels and a 6-Unit apartment building. The property is situated on a corner with good traffic exposure with close proximity to downtown Nanaimo and amenities such as parks, shopping, restaurants, recreation, schools, and Vancouver Island University. The apartment building has 2 bachelor suites, four 1-Bed suites, coin-op laundry, separate hydro meters and lots of parking is available. There is a separate workshop and double garage providing additional income. Potential small-scale commercial/mixed-use businesses (e.g., hair/esthetic salon, appliance repair) could be allowed on site. The main house could serve as a residence or a rental while providing multiple streams of income through various facilities on the premises. The location and features make it a versatile investment with significant potential. Measurements are approximate and data should be verified if important.
MLS® Number 972562

Listing REALTOR®

Brent Russell, REALTOR<sup>®</sup>

Brent Russell

REALTOR®

RE/MAX of Nanaimo

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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