About 487 - 489 Winchester Ave
Fantastic investment opportunity - a legal duplex with four separate units and lane access. Three of the units are currently rented, generating over $4800 per month in revenue. The property has recently been designated as COR1 zoning, allowing for future development potential; details of which can be confirmed with the City of Nanaimo. The current owners have kept the property very well maintained and done upgrades as needed. Recent upgrades include flooring, fresh paint, appliances, kitchen sinks and fixtures, kitchen cabinets and deck railings. See the feature sheet for the full list of upgrades. This is a great location near VIU and the amenities of University Village. For more information on this property see the 3D tour, video, and floor plan. All data and measurements are approximate and must be verified if fundamental.
Basic Information
| Price | $1,186,000 |
|---|---|
| MLS® # | 976976 |
| Sub-Type | Quadruplex |
| Year Built | 1980 |
| Beds | 10 |
| Baths | 4.00 |
| Kitchens | 4 |
| Interior SqFt | 4,500 |
| Lot Size | 0.24 Acres |
Location Information
| Address | 487 - 489 Winchester Ave |
|---|---|
| Postal Code | V9R 6A5 |
| Area | Nanaimo |
| Sub Area | South Nanaimo |
| Jurisdiction | City of Nanaimo |
| PID Number | 004-797-558 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard, Electric |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | Common Area |
| Parking | Carport, Open |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Landscaped, Recreation Nearby, Shopping Nearby |
Listing Details
| Office | RE/MAX of Nanaimo |
|---|