89 Princess St, Nanaimo

$659,900 |   MLS® Number  997733

House for sale in Nanaimo, South Nanaimo, 89 Princess St, 997733 | Realtylink.org

House for sale, 3 bedrooms, 3 bathrooms

Style
Main Level Entry With Upper Level(s)
Year Built
1980
Floor Area
1,861 sqft
Lot Size
3,960 sqft
Gross Property Tax
$3,874.92 /year

This property features income-generating suites, each with private entrances, situated in an area with high rental demand. An excellent opportunity to begin or expand a real estate portfolio and leverage tenant income to cover mortgage costs. The property currently generates over $3,800 in monthly revenue. The upper unit includes two bedrooms, one bathroom, and direct access to a sunlit backyard. Additionally, there is a one-bedroom lower suite and a third bachelor suite. Benefiting from exposure on two road frontages, the property offers convenient parking. Its proximity to downtown and the university makes it ideal for both rental investment and owner-occupation. The yard is low-maintenance, and the home has undergone numerous recent updates, including the roof.