Excellent Investment Opportunity! This property consists of 3 income rentals with two houses on one lot. Centrally located in the heart of downtown Nanaimo. Font of lot is charming 2 bed 1 bath house, updated over the years with a large wrap around porch. Just behind the main house is a studio suite with separate entry. Back of lot is a completely separate large 1 bed 1 bath newer carriage house, fully fenced with a beautiful garden and large gazebo, open concept layout and a large bedroom with a 3 piece bath. Long term tenants in all three units and willing to renegotiate new lease with buyer. Plenty of parking. Currently generating $3400 a month. DT8 zoning this property also has huge development potential! Allowed up to 12 units, check city guidelines for more information. Priced sharp. All measurements are approximate and should be verified if important.