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334-336 Howard Ave Nanaimo, British Columbia V9R 3R7

Hot Water

$1,100,000

University District 4 plex! This is a solid investment with a stable income stream. Situated on .23 of an acre property with plenty of parking is this Duplex zoned property with 4 units, 2 unauthorized lower suites, which are city recognized. This building is well maintained and offers over 5000 sq ft of living space with a total of 9 bedrooms, 6 baths and 2 laundry rooms. Equipped with 2 hydro meters, gas fired-zoned hot water heating system, 2 large hot water tanks and 4 fireplaces. Various updates have been made along the way as needed which include roof, vinyl windows, appliances, flooring, fixtures and cabinets. All units are spacious and are as follows – two 3-bedroom upper units (1158 sq ft & 1525 sq ft), one 2-bedroom lower unit (1204 sq ft) and one 1-bedroom lower unit (844 sq ft). Consistent revenue over the years currently shows a 4.7% cap rate with rent increases in place for 2023. This property is in a central location close to the bus routes, within walking distance to various amenities including the University, Downtown core, Nanaimo Recreation Centers and many parks and trails. Information package available upon request. All measurements are approximate, and data should be verified if important. (id:16027)

Property Details

MLS® Number 917370
Property Type Multi-family
Neigbourhood University District
Features Central Location, Other, Rectangular

Building

Heating Fuel Natural Gas
Heating Type Hot Water
Size Exterior 5084 Sqft
Type Multi-family

Land

Access Type Road Access
Acreage No
Size Irregular 10019
Size Total 10019 Sqft
Size Total Text 10019 Sqft
Zoning Description R4
Zoning Type Unknown

https://www.realtor.ca/real-estate/24988951/334-336-howard-ave-nanaimo-university-district

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Contact Jeff King, Realtor®

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To contact Jeff King directly to discuss your real estate needs, please do one of the following:

Phone me at 250-751-4902
Email me using the form to the right

If you prefer regular mail, you can send me your letter mail in care of the Sutton Group – West Coast Realty address below.

Sutton West Coast Realty

604 – 5800 Turner Road
Nanaimo BC V9T 6J4

Office phone: 250-756-2112
Office fax: 250-756-9144