469690 419900 /en/fourplex~for-sale~nanaimo/469690?view=Summary /en/fourplex~for-sale~nanaimo/469690/photos 49.1601706000 -123.9411153000 true
Main Level Entry With Upper Level(S)
Low Maintenance Yard
Sidewalk, Central Location, Easy Access, Hillside, Marina Nearby, Recreation Nearby, Shopping Nearby
INVESTOR ALERT - Located on the revitalized and transitioning corner of Albert and Milton in the heart of the Old City Quarter you find this unique investment property. This property has R14 low density (fourplex) residential zoning, allowing for great redevelopment potential. Upstairs you will find a two bedroom unit, a bachelor suite, and a one bedroom, with stunning ocean views from the common entrance! Downstairs you will find a two bedroom plus den attached to a large space that can be used for a home based business. The current revenue is $2425.00 monthly with suite 4/downstairs area currently vacant with high rent potential. Now is your chance to own in this evolving Old City location until you are ready to develop! Property sold as is where is. All measurements are approximate - please verify if important.MLS® Number 469690
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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.
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