Our Agents' Listings
522 Hecate St
Na Old City
Nanaimo
V9R 4K2
$739,900
Commercial Sale
built: 1891
- Status:
- Sold
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 862600
- Sold Date:
- Apr 30, 2021
- Year Built:
- 1891
Here is a great opportunity to own a rare historical building in downtown Nanaimo. Built in 1891, this original 6 -plex
offers incredible rental income. The main floor houses 3 units, 2 bachelor suites & the 3rd is a spacious 1 bedroom.
Upstairs you will find two more spacious 1 bedrooms suites both with peek-a-boo ocean & downtown views. Outside &
around the back of the complex is another bright bachelor unit with its own additional mudroom. Little needs to be done
here with the building having a new roof, windows, siding & paint. There is an efficient natural gas radiant heat system
to keep cost down. In addition to the complex, there is a large detached shop that is roughed in for communal laundry,
which could easily be turned into multiple storage lockers for individuals renting the units. The rental potential in this
building is $5300 with all units occupied that would give you a 7% CAP rate!! If you're looking for an amazing
investment, look no further.
- Price:
- $739,900
- Property Type:
- Commercial Sale
- MLS® Num:
- 862600
- Status:
- Sold
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Additional Photos
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Larger map options:
Data was last updated April 18, 2024 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 31
- Avg list price:
- $799,900
- Min list price:
- $49,500
- Max list price:
- $4,880,000
- Avg days on market:
- 77
- Min days on market:
- 13
- Max days on market:
- 511
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.
- Dustin Layzell
- 460 Realty Inc.
- 250-591-4601
- Contact by Email
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.