1678 Extension Rd, Nanaimo, BC V9X 1A5

$1,299,900
9
BD
5
BA
3,120
SqFt

Courtesy of Sutton Group-West Coast Realty (Nan)

List Price
$1,299,900
MLS® #
877741
Bedrooms
9
Sq. Ft
3,120
Acres
0.63
Year Built
1975
Subdivision
Na Chase River

Property Description

4-Plex with further development potential. Possible rezoning could allow up to another 8 units with approval. Gross income of $62k see NOI statement in remarks. A fantastic holding property. With .63 acres, this mature, nicely manicured lot. Self-contained units with in suite laundry in each suite. 2 bed, 1 bath and approximately 800 sq feet per home. Each unit has its own deck /patio space, updated 4 piece bath and plenty of parking. Units A just completely renovated, Unit D was renoed recently B and C need some TLC. Caretakers suite in basement is partially finished. Close to all levels of shopping, about 7 minutes to downtown Nanaimo, and 3 minutes to parkway access, this property is in a quickly developing area and will be a great investment for years to come. All measurements and data are approximate and should be verified if deemed important.

Additional Information

Style
Other
Lot Size
27,443
Lot Features
Easy Access, Landscaped, Quiet Area, Recreational, Shopping Nearby, Southern Exp, In Wooded Area
Parking Type
Open
Heating
Baseboard, Electric
Cooling
None
Office Name
Sutton Group-West Coast Realty (Nan)

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Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.