About 546 Wakesiah Ave
Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.
Basic Information
| Price | $700,000 |
|---|---|
| MLS® # | 1023285 |
| Sub-Type | Single Family Detached |
| Year Built | 1981 |
| Beds | 6 |
| Baths | 3.00 |
| Ensuites | 1 |
| Kitchens | 2 |
| Building SqFt | 2,120 |
| Lot Size | 0.11 Acres |
Location Information
| Address | 546 Wakesiah Ave |
|---|---|
| Postal Code | V9R 3L1 |
| Area | Nanaimo |
| Sub Area | University District |
| Jurisdiction | City of Nanaimo |
| PID Number | 004-310-462 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | Common Area |
| Parking | Carport |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
Listing Details
| Office | Pemberton Holmes Ltd. (Pkvl) |
|---|