Investor-Ready with Vacant Suite – Move-In or Rent Out Immediately This well-maintained home in South Nanaimo offers an excellent investment opportunity with income in place and added flexibility. Built in 2016, the property features 5 bedrooms and 3 bathrooms divided between two fully self-contained suites, each with separate hydro meters, laundry, and hot water tanks. The upper-level main home is currently tenanted and features 3 bedrooms and 2 bathrooms, including a spacious primary bedroom with walk-in closet and double walk-in shower. The open-concept kitchen, dining, and living space includes a corner gas fireplace, pantry, built-in desk, and access to a covered sundeck. The legal 2-bedroom suite (Suite B) on the lower level is vacant and move-in ready, making it ideal for a new tenant or multi-generational living. With durable laminate flooring, private entrance, and in-suite laundry, it’s well-suited for renters or extended family. Additional features include a double garage with interior access, low-maintenance landscaping, and a central location close to Vancouver Island University, schools, shopping, parks, and transit. Whether you’re looking to expand your rental portfolio or live in one unit while renting the other, this property delivers flexibility, strong income potential, and future growth opportunity. All measurements are approximate and should be verified if important. (id:2493)
Data was last updated July 1, 2025 at 03:45 PM (UTC)
Area Statistics
Listings on market:
78
Avg list price:
$909,950
Min list price:
$174,900
Max list price:
$1,249,000
Avg days on market:
33
Min days on market:
0
Max days on market:
206
Avg price per sq.ft.:
$327.16
These statistics are generated based on the current listing's property type
and located in
South Nanaimo. Average values are
derived using median calculations.
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