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$ 4,135,000
Est. payment | /mo
$ 4,135,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Pleasant Valley
MLS® Listing ID 1046970
Property Sub-Type Freehold
Property Description
Brand-new pair fourplex on a quiet no-through street in North Nanaimo, one block from Woodgrove Centre. Two R5-zoned lots (42,546 sf combined) each hold a new 4-unit building — 8 self-contained 2-bed/2-bath suites, individually metered, with quartz counters, heat pumps, and radon mitigation. Built by Alair Homes, designed by Carma Design Group, Step Code 3. Steps from Home Depot, Real Canadian Superstore, and quick access to the Nanaimo Parkway, with noise-mitigating fencing keeping the site quiet. Nanaimo's rental vacancy sits at just 2.9%, with new supply down 40% year-over-year — a landlord's market. Projected market rent $2,750/unit/month; stabilized NOI $196,458; Full appraisal, drawings, and subdivision plan available on request. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Heat Pump
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by 460 Realty Inc. (NA)
NEARBY SCHOOL & BUSINESS
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