Address
522 Hecate St Nanaimo, BC
Price
$ 749,900
Property Attributes
  • ML#858698
  • TypeSingle Family
  • CityNanaimo
  • NeighbourhoodOld City
  • Postal CodeV9R 4K2
  • Style
  • Price$ 749,900
  • Bedrooms3
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage2925
  • Lot Size6,334 SqFt
Listing Provided Courtesy Of:
460 Realty Inc.
Property Description

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 a 7% CAP rate!! If youre looking for an amazing investment, look no further. All measurements are approximate & should be verified if important. (id:7434)

General Features

Building Appliances Oven - gas
Building Architectural Style Other
Building Cooling Type None
Building Type Other
Features Level lot, Other
Moreinformationlink https://www.realtor.ca/real-estate/22514442/522-hecate-st-nanaimo-old-city
Neighbourhood Old City
Property Type Other
Zoningtype Multi-Family

Interior Features

Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Hot Water

Exterior Features

Parkingspacetotal 5
Structure Shed, Workshop
Viewtype Mountain view, Ocean view

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. Data last updated on November 29, 2020 6:35 AM UTC The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Data last updated on November 29, 2020 6:35 AM UTC The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA®) and identify the quality of services provided by real estate professionals who are members of CREA®

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Property vs Postal Code Average in V9R 4K2

Price
AVG $750K
$750K
Visits
AVG 33
7
Year Built
AVG 1891
1891