– Income Generator in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 4 x bdrm/studio-style rental units, each with its own entrance & 2-piece bath (no kitchens), shared laundry & shower facilities & a common room - perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest! (id:51075)
Single-familyProperty Type
1930Year Built
6,970 sq ftLot Size
$265Price/Sq.Ft.
6 spacesParking
Listed by Jenney Massey• Pemberton Holmes Ltd. (Cow Vall)
Listed by Ally Earle• Pemberton Holmes Ltd. (Lk Cow)
Master bedroom on main level (approx. 11'8" x 11'11")
Bedroom on main level (approx. 11'8" x 11'1")
Multiple bedrooms on lower level including approx. 11'10" x 22'1", 8'2" x 14'6", 10'10" x 16'2", and one listed as approx. 16' long (other dimension not available)
Bathrooms
Six total bathrooms
Main level: one 4-piece bathroom
Lower level: several 1- and 2-piece bathrooms
Kitchen
Kitchen on main level (approx. 12'3" x 16'3")
Laundry & utility
Laundry room on lower level (approx. 4'1" x 6'5")
Heating & cooling
Has cooling (air conditioned)
Exterior features
Residential zoning
Home design
Total building area approx. 2,451 (units recorded in source)