This brand new 4 Plex investment property is being built in Nanaimo's old city area amongst character homes and near the bustling downtown core. With excellent cash flow and the ability to stratify the building the future possibilities are many. Shining Knight Construction is bringing their 10+ years of experience to the project and includes a 10 year new home warranty. Each unit will feature 3 bedrooms and 2 full baths with well laid out and open 2 storey floor plans. Finishing will include quartz counters, high quality laminate flooring, modern paint colors, and each unit will have a large full width covered deck. Being offered at approximately a 4.8% CAP rate based on estimated market rents as of February 2020.
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