This fully rented, legal duplex with 4 units generates an impressive $7650 per month in rental income and is centrally located near the NRGH. Boasting over 4,200 sqft, this property offers four distinct living spaces, each with separate entry doors and dedicated large outdoor yard areas for every unit. Positioned on a spacious 10,890 sqft lot, this duplex presents an excellent opportunity for future development into a multi-family residence. The main floor features 2 well-designed 2-bedroom, 1-bathroom suites, perfect for smaller families or young professionals. The upper floor boasts 2 expansive 3-bedroom, 2-bathroom suites, ideal for larger families seeking comfortable living spaces. Each unit has been meticulously updated with modern touches including newer flooring, enhanced soundproofing between floors, electric fireplaces for added coziness, and fully fitted kitchens equipped with contemporary appliances. Three of the six bathrooms have been recently updated, showcasing stylish fixtures and finishes. The property’s exterior is equally impressive, with fresh paint and a professionally cleaned roof enhancing its curb appeal. The large lot allows for individual outdoor spaces for each unit, providing tenants with private areas to relax and enjoy the outdoors. For added convenience, the duplex includes two shared laundry rooms, easily accessible from the outside, making laundry day a breeze for all residents. Centrally located, this property is in close proximity to all essential amenities including shopping centers, restaurants, the university, and nearby parks. This prime location ensures a high demand for rental units, making it an ideal investment opportunity. Do not miss out on this rare chance to own a turnkey, cash-flow rental property in a sought-after location with exceptional rental potential. Whether you are an investor looking to expand your portfolio or seeking a property with future development possibilities, this duplex offers it all. (28229348)
Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
Central Nanaimo
Annual Property Taxes
$5,293.55 (CAD)
Time on REALTOR.ca
53 days
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