$995,000

Investment For Sale In Westwood, Nanaimo, British Columbia

$995,000

Property Information:

An exceptional 3-unit investment property listed at assessed value. A vacant rancher and a SxS duplex rented at market rates, together with a 474sf detached shop with both plumbing and electrical for additional income possibilities. The rancher is 1146sf with 3 bedrooms, lots of parking, an ideal owner-occupier with income streams from the duplex. Or rent it at market rates ($5600-$5700 total income) for a 3 unit investment property. The rancher also features a large living room, dining room, and kitchen, with a large front deck and distant ocean and city views, main bathroom plus laundry room. The east side of the duplex is a 1 bedroom + den. It was recently updated with paint, flooring, and cabinetry. Both units have a front deck and views. The 474sf shop is bonus space. The property backs onto Morrell Nature park with trails to Westwood Lake. You are a 10 minute walk to Vanc. Isl. University and Colliery Dam. All measurements are approximate and should be verified if important.

Property Features:

  • Bedrooms: 5
  • Bathrooms: 4
  • Annual Tax Amount: $5,696
  • Basement: Crawl Space, None
  • Built in: 1974
  • Construction Materials: Frame Wood
  • Cooling: None
  • Floor Space (approx): 3539 Square Feet
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Laundry Features: In Unit
  • Lot Features: Recreation Nearby, In Wooded Area
  • Lot Frontage: 18000 Square Feet
  • Lot Size: 18000.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Open
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Triplex
  • Roof: Asphalt Shingle
  • View: City, Mountain(s)
  • Water Source: Municipal
  • Zoning Description: Multi-Family
  • Sewer:
  • No. of Parking Spaces: 6

Rooms:

  • Bedroom Other level :Other 3.56 m x 3.43 m
  • Other Main Level 11.25 m x 3.15 m Note: Deck
  • Bathroom Main Level
  • Laundry Main Level 2.79 m x 2.08 m
  • Bathroom Other level :Other
  • Living Other level :Other 3.76 m x 3.40 m
  • Bedroom Main Level 2.64 m x 2.46 m
  • Laundry Other level :Other 3.23 m x 2.03 m
  • Living Main Level 6.68 m x 3.99 m
  • Bedroom Main Level 3.99 m x 3.45 m

Courtesy of: RE/MAX of Nanaimo

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.