505 7th St, Nanaimo, BC

$799,000

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6

Beds

1

Bath

2,602

Square feet

0.20

Acres

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

OfficeSutton Group-West Coast Realty (Nan)

Listing Map