647 Farquhar St, Nanaimo, BC

$899,900

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8

Beds

4

Baths

3,720

Square feet

0.20

Acres

About 647 Farquhar St

Great opportunity for investors, or those looking for a family home with mortgage helpers! This full duplex sits on a large R14 (Old City Low Density-Fourplex) lot and offers three units with a total of 8 bedrooms and 4 bathrooms. Unit A is a 2 bedroom, 1 bathroom unit tenanted to great long term tenants. Unit B is a 4 bedroom, 2 bathroom vacant unit that features a flex room in the basement with fridge and sink which would be perfect for a teenage hangout or hosting a student or local athlete! Unit C is also vacant and features a nicely updated 2 bedroom, 1 bathroom unit. All of this sits near the end of a quiet dead end street on an oversized lot with huge fenced back yard. Each unit has separate access, parking, in unit laundry and the two vacant units have been freshly updated and are ready for new tenants. At current rates and market rents, this property makes sense for a positive cashflow investment from day one and the zoning/lot size lend to great future development potential.

Basic Information

Price $899,900
MLS® # 953219
Sub-Type Full Duplex
Year Built 1975
Beds 8
Baths 4.00
Kitchens 3
Interior SqFt 3,720
Lot Size 0.20 Acres

Location Information

Address 647 Farquhar St
Postal Code V9R 2E4
Area Nanaimo
Sub Area Old City
Jurisdiction City of Nanaimo
PID Number 008-799-237
Waterfront? No

Features & Amenities

Water Municipal
Sewer Sewer Connected
Heating Baseboard, Electric
Cooling None
Foundation Details Poured Concrete
Property Condition Resale
Laundry In Unit
Parking Driveway

Additional Information

Pet Policy Aquariums, Birds, Cats, Caged Mammals, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No

Listing Details

Office460 Realty Inc. (NA)

Listing Map