6 Bedrooms
3 Bathrooms
4 Carport Parking
2,120 sqft
$749,000
About this House in University District
Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place.
Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University.
The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future.
Spanning 2,120 sqft over two self-contained levels with three bedrooms per floo…r, offering excellent rental flexibility and consistent cashflow.
Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.
Listed by Pemberton Holmes Ltd. (Pkvl).
Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.
Listed by Pemberton Holmes Ltd. (Pkvl).
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board & Vancouver Island Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.
More Details
- MLS®: 1010599
- Bedrooms: 6
- Bathrooms: 3
- Type: House
- Square Feet: 2,120 sqft
- Lot Size: 4,830 sqft
- Taxes: $4,298 (2024)
- Parking: 4 Carport
- Fireplaces: 0
- Year Built: 1981

More About University District, Nanaimo
lattitude: 49.1543937
longitude: -123.96081779
V9R 3L1