546 Wakesiah Ave, Nanaimo, British Columbia V9R3L1

546 Wakesiah Ave
1 / 37

Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

Bathrooms Total3
Bedrooms Total6
CoolingNone
HeatingBaseboard heaters
Living Area2120 sqft

Building & Exterior

Parking FeaturesCarport
Year Built1981

Land & Location

City RegionUniversity District
Lot Size Area4830.0 sqft
Lot Size Dimensions4830
Parcel Number004-310-462

Listing & Financials

Listing OfficePemberton Holmes Ltd. (Pkvl)
Originating System NameVancouver Island Real Estate Board

Other Specifications

Common InterestFreehold
CountryCanada
Parking Total4

For Sale

$700,000

546 Wakesiah Ave, Nanaimo, British Columbia V9R3L1

Beds

6

Baths

3

Living Area

2,120 sqft

Lot Size

4,830 sqft

Property Type

House

Year Built

1981

Listing ID1023285

Location & Map

Similar Homes You May Like

546 Wakesiah Ave, Nanaimo | $700,000 | Lify.ca