647 Farquhar St, Nanaimo

$899,900 |   MLS® Number  953219

Duplex for sale in Nanaimo, Old City, 647 Farquhar St, 953219 | Realtylink.org

Duplex for sale, 8 bedrooms, 4 bathrooms

Style
Duplex Side/Side
Year Built
1975
Floor Area
3,720 sqft
Lot Size
8,712 sqft
Gross Property Tax
$3,513 /year
Zoning
R14
76

Great opportunity for investors, or those looking for a family home with mortgage helpers! This full duplex sits on a large R14 (Old City Low Density-Fourplex) lot and offers three units with a total of 8 bedrooms and 4 bathrooms. Unit A is a 2 bedroom, 1 bathroom unit tenanted to great long term tenants. Unit B is a 4 bedroom, 2 bathroom vacant unit that features a flex room in the basement with fridge and sink which would be perfect for a teenage hangout or hosting a student or local athlete! Unit C is also vacant and features a nicely updated 2 bedroom, 1 bathroom unit. All of this sits near the end of a quiet dead end street on an oversized lot with huge fenced back yard. Each unit has separate access, parking, in unit laundry and the two vacant units have been freshly updated and are ready for new tenants. At current rates and market rents, this property makes sense for a positive cashflow investment from day one and the zoning/lot size lend to great future development potential.