Other Property for sale

522 Hecate St, Nanaimo

$739,900 or
$739,900 or

Other Property for sale

522 Hecate St, Nanaimo

Features

3 bedrooms
7 bathrooms
862468 739900 /en/other-property~for-sale~nanaimo/862468?view=Summary /en/other-property~for-sale~nanaimo/862468/photos 49.1605900000 -123.9377500000 true
Style
Other
Year Built
1891
Floor Area
2,925 sqft
Lot Size
6,334 sqft
Gross Property Tax
$3,044 /year
Amenities
Accessible Entrance, Fencing: Full, Low Maintenance Yard, Storage Shed, Workshop, Vinyl Frames, Oven/Range Gas
View
Mountain(S), Ocean
Additional Features
Landscaped, Level, Recreation Nearby, Shopping Nearby, Sidewalk
76

Description

Here is a great opportunity to own a rare historical building in downtown Nanaimo. Built in 1891, this original 6-plex offers incredible rental income. The main floor houses 3 units, two bachelor suites & the 3rd is a spacious 1 bedroom. Upstairs you will find two more spacious 1 bedrooms suites both with peek-a-boo ocean & downtown views. Outside & around the back of the complex is one more studio unit with its own additional mudroom. Little needs to be done here with the building having a new roof, windows, siding & paint. There is an efficient natural gas radiant heat system in each unit. In addition to the complex, there is a large detached shop that is roughed in for communal laundry, which could easily be turned into multiple storage lockers for individuals renting then units. The rental potential in this building is $5300 with all units occupied. If you’re looking for an amazing investment, look no further. All measurements are approximate & should be verified if important.
MLS® Number 862468

Listing REALTORS®

Dustin Layzell, REALTOR<sup>®</sup>

Dustin Layzell

REALTOR®

460 Realty Inc.

Cody Dreger, REALTOR<sup>®</sup>

Cody Dreger

REALTOR®

460 Realty Inc.

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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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