395 Chesterlea Ave, Nanaimo, BC

$899,000

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3

Beds

2

Baths

1,918

Square feet

0.14

Acres

About 395 Chesterlea Ave

This exceptional opportunity features a main house with two self-contained 2-bedroom suites; one on the main level and one on the lower level. Both are rented to excellent tenants and generating steady income. At the rear, the laneway house is already built with a living room, dining area, TV space, full kitchen, and bathroom on the main floor. The upper floor is fully approved for a custom-designed 3-bedroom suite. All permits and plans are in place, ready for you to complete to your taste. Projected rental income for the laneway is $2,700–$3,100 per month, in addition to the solid rental income from the two suites in the main home. ?? The laneway home is available for viewing now, while the tenanted suites in the main house can be shown with serious inquiries only. An absolute gem for investors seeking cash flow, growth potential, and flexibility in a prime location! All data and measurements are approximate and must be verified if fundamental.

Basic Information

Price $899,000
MLS® # 1013684
Sub-Type Single Family Detached
Year Built 1970
Beds 3
Baths 2.00
Kitchens 2
Interior SqFt 1,918
Lot Size 0.14 Acres

Location Information

Address 395 Chesterlea Ave
Postal Code V9R 4B2
Area Nanaimo
Sub Area University District
Jurisdiction City of Nanaimo
PID Number 007-348-070
Waterfront? No

Features & Amenities

Water Municipal
Sewer Sewer Connected
Heating Forced Air, Oil
Cooling None
Foundation Details Poured Concrete
Property Condition Resale
Laundry In House
Parking Detached, Driveway, Garage Double, On Street

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No
Lot Features Central Location, Landscaped, Recreation Nearby, Shopping Nearby

Listing Details

OfficeSutton Group-West Coast Realty (Nan)

Listing Map