About 505 7th St
Amazing opportunity to own a turn key investment property in University District. Walking distance to ammenities, school, park, shopping, university and easy access to anywhere on the island with minutes to Highway, Float planes, Ferries. According to Future land use designation from city this is a Corridor. Such properties can be used for multifamily, mix use, commercial depending on approval from the City of Nanaimo. Student housing can also be a very lucrative opportunity for the right investor. Currently rented on per room basis for $2900/month with the house manager in place. Sharply Priced for land value only. House is AS-IS-WHERE-IS! All measurements from BC assessment are approximate but and must be verified by Buyers agent if fundamental to the purchase!
Basic Information
| MLS® # | 906722 |
|---|---|
| Price | $799,000 |
| Sub-Type | Single Family Detached |
| Year Built | 1910 |
| Beds | 6 |
| Baths | 1.00 |
| Kitchens | 1 |
| Interior SqFt | 2,602 |
| Lot Size | 0.20 Acres |
Location Information
| Address | 505 7th St |
|---|---|
| Postal Code | V9R 1E9 |
| Area | Nanaimo |
| Sub Area | South Nanaimo |
| Jurisdiction | City of Nanaimo |
| PID Number | 005-592-186 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer To Lot |
| Heating | Forced Air, Oil |
| Cooling | None |
| Foundation Details | Other |
| Property Condition | Resale |
| Laundry | In Unit |
| Parking | Driveway, On Street |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Central Location, Southern Exposure |
Listing Details
| Office | Sutton Group-West Coast Realty (Nan) |
|---|