5 bedrooms | 2 bathrooms | 2,093 sqft living area | 9,321 sqft lot | $669,000
Investor opportunity in Nanaimo’s historic Chinatown neighbourhood offering strong current rental income and long-term redevelopment potential. The property generates $3,600/month ($43,200/year) with month-to-month tenants who wish to remain. The generous 9,300 sq. ft. lot and R8 zoning provide substantial future potential, while the character home offers immediate rental appeal. Features include original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern Mt. Benson views, spacious living areas, an oversized primary bedroom, and a well-finished 3-bedroom lower suite. Enjoy a private south-facing deck and fenced backyard, plus recent updates including a newer roof, windows, and furnace. Conveniently located near shopping, schools, and transportation. Strong income today. Significant land and redevelopment potential for tomorrow. Measurements approximate; buyer to verify.
Breakfast Nook, Dining Room, Dining/Living Combo, Eating Area, Soaker Tub, Workshop
Dryer, Oven/Range Gas, Range Hood, Refrigerator, Washer
Fencing: Full, Garden, Low Maintenance Yard
Storage Shed
Central Location, Cul-De-Sac, Easy Access, Family-Oriented Neighbourhood, Irregular Lot, Landscaped, Level, Park Setting, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
Bike Storage, Transit Nearby
Listed by Stonehaus Realty Corp..
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Disclaimer: This representation is based in whole or in part on data generated by the VIREB Vancouver Island Real Estate Board which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.