Duplex for sale

1922 Cedar Rd, Nanaimo

$1,050,000 or
$1,050,000 or

Duplex for sale

1922 Cedar Rd, Nanaimo

Features

Lifestyle
11 bedrooms
6 bathrooms
950696 1050000 /en/duplex~for-sale~nanaimo/950696?view=Summary /en/duplex~for-sale~nanaimo/950696/photos 49.1037800000 -123.8581900000 true
Style
Duplex up/Down
Year Built
1952
Floor Area
4,392 sqft
Lot Size
52,272 sqft
Gross Property Tax
$3,443 /year
Amenities
Storage Shed, Workshop, Insulated Windows
Additional Features
Easy Access, Level, Shopping Nearby, Southern Exposure

Description

Investment opportunity! 2 full up down duplexes located on a level 1.2 acres in Cedar. This property offers great income earning potential and is located within walking distance of Cedar’s amenities. All 4 tenants are on a month-to-month tenancy. 1922 is up-down mobile home duplex - 1922A is a 4 bd, 2 ba unit with tenant paying $1878/month + util (seller covers the gas). 1922B is a 3 bd, 2 ba unit that was fully renovated in 2018 where the tenant is paying $1319/month + utilities & gas. 1924 & 1926 are both 2 bed, 1 bath units. 1924 is the lower unit of the original duplex on the property and is a tenant who has been occupying this space for 34 years. Tenant pays $781/month + util. The upper unit in this dwelling is 1926 and this tenant is currently paying $897/month + util. All units have their own laundry facilities and private entrances. The tenants in 1924 & 1926 share the use of the detached carport/workshop. New Septic installed December 2023 for 1924/1926. Data and measurements are approx. and must be verified if import.
MLS® Number 950696

Listing REALTORS®

Charlie Parker, REALTOR<sup>®</sup>

Charlie Parker

REALTOR®

RE/MAX of Nanaimo

Ashley Metcalf, REALTOR<sup>®</sup>

Ashley Metcalf

REALTOR®

RE/MAX of Nanaimo

Graeme Parker, REALTOR<sup>®</sup>

Graeme Parker

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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