Nanaimo, City of, V9R 4K2

522 Hecate St

862600

MLS® Number

6,334 SqFt

Lot Size

$739,900

Listing by 460 Realty Inc.

Listing information last updated: Thu Jan 21 2021 21:15:11 GMT+0000 (Coordinated Universal Time)

Here is a great opportunity to own a rare historical building in downtown Nanaimo. Built in 1891, this original 6 -plex
offers incredible rental income. The main floor houses 3 units, 2 bachelor suites & the 3rd is a spacious 1 bedroom.
Upstairs you will find two more spacious 1 bedrooms suites both with peek-a-boo ocean & downtown views. Outside &
around the back of the complex is another bright bachelor unit with its own additional mudroom. Little needs to be done
here with the building having a new roof, windows, siding & paint. There is an efficient natural gas radiant heat system
to keep cost down. In addition to the complex, there is a large detached shop that is roughed in for communal laundry,
which could easily be turned into multiple storage lockers for individuals renting the units. The rental potential in this
building is $5300 with all units occupied that would give you a 7% CAP rate!! If you're looking for an amazing
investment, look no further.

Full Address

522 Hecate St, Nanaimo BC V9R 4K2

MLS® Number

862600

Status

Active

Listing Price

$739,900

Property Type

Commercial Sale

Property Subtype

Multi Family

Year Built

1891

Days on Market

4 Days

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MLS® Number

862600

Listing Price

$739,900

Status

Active

Property Type

Commercial Sale

Lot Size SqFt

6,334 SqFt

Lot Size Acres

0.15 Acres

Year Built

1891

Days on Market

4 Days

Tax Annual Amount

$3,043.99

Tax Year

2020

Full Address

522 Hecate St, Nanaimo BC V9R 4K2

City

Nanaimo

Postal Code

V9R 4K2

District

Nanaimo, City of

MLS Area Major

Nanaimo

MLS Area Minor

Na Old City

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