I have listed a new property at 522 Hecate St.
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.