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505 Seventh St Nanaimo, British Columbia V9R 1E9

$799,000

Financing options maybe available - Amazing opportunity to own a turn key investment property in University District. Walking distance to ammenities, school, park, shopping, university and easy access to anywhere on the island with minutes to Highway, Float planes, Ferries. According to Future land use designation from city this is a Corridor. Such properties can be used for multifamily, mix use, commercial depending on approval from the City of Nanaimo. Student housing can also be a very lucrative opportunity for the right investor. Currently rented on per room basis for $2900/month with the house manager in place. Sharply Priced for land value only. House is AS-IS-WHERE-IS! All measurements from BC assessment are approximate but and must be verified by Buyers agent if fundamental to the purchase! (id:44586)

Property Details

MLS® Number 916484
Property Type Multi-family
Neigbourhood University District

Building

Size Exterior 2602 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 8694
Size Total 8694 Sqft
Size Total Text 8694 Sqft
Zoning Description R1
Zoning Type Unknown

https://www.realtor.ca/real-estate/24952407/505-seventh-st-nanaimo-university-district

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Nita Sihota
Personal Real Estate Corporation

(604) 679-8486

Sutton Group-West Coast Realty (Nan)
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4

(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com

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