395 Chesterlea Ave

$899,000 |   MLS® Number  1013684

House for sale in Nanaimo, University District, 395 Chesterlea Ave, 1013684 | Realtylink.org

House for sale, 3 bedrooms, 2 bathrooms

Style
Split Entry
Year Built
1970
Floor Area
1,918 sqft
Lot Size
6,000 sqft
Gross Property Tax
$4,189.29 /year
Zoning
R1
Amenities
Wine Storage, Workshop, Primary Bedroom on Main, Balcony/Patio, Garden, F/S/W/D
Additional Features
Central Location, Landscaped, Recreation Nearby, Shopping Nearby

This exceptional opportunity features a main house with two self-contained 2-bedroom suites; one on the main level and one on the lower level. Both are rented to excellent tenants and generating steady income. At the rear, the laneway house is already built with a living room, dining area, TV space, full kitchen, and bathroom on the main floor. The upper floor is fully approved for a custom-designed 3-bedroom suite. All permits and plans are in place, ready for you to complete to your taste. Projected rental income for the laneway is $2,700–$3,100 per month, in addition to the solid rental income from the two suites in the main home. ?? The laneway home is available for viewing now, while the tenanted suites in the main house can be shown with serious inquiries only. An absolute gem for investors seeking cash flow, growth potential, and flexibility in a prime location!