$1,975,000

For sale

#Lot 1 4775 Uplands Drive, Nanaimo, British Columbia, V2C6S9

Lot size 1.23 acres

Listed by Century 21 Harbour Realty Ltd.

611 Sandy Court, Nanaimo, British Columbia, V9R1M1

For salePrice drop

43 days ago

$1.34M$1.40M

↓ $60K (4%) price drop

611 Sandy Court, Nanaimo, British Columbia, V9R1M1

5 pkLot size 7,388 sq ft (0.16 ac)

Listed by Oakwyn Realty Ltd. (NA)

Holly Avenue, Nanaimo, British Columbia, V9S3M3

For sale

44 days ago

$1.80M

Holly Avenue, Nanaimo, British Columbia, V9S3M3

Lot size 21,780 sq ft (0.50 ac)

Listed by Sutton Group-West Coast Realty (Nan)

#Proposed 6001 Mountain View Road, Nanaimo, British Columbia, V9T6B9

For sale

82 days ago

$4.13M

#Proposed 6001 Mountain View Road, Nanaimo, British Columbia, V9T6B9

Listed by 460 Realty Inc. (NA)

Investment analysis

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$1,975,000

Nanaimo

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531 Kennedy Street, Nanaimo - Multi-family for Sale

531 Kennedy Street, Nanaimo, British Columbia, V9R2J6

8 parking9,400 sq ft (0.21 ac) lot sizeListed 135 days ago

Overview

This multi-family property in Nanaimo is for sale.

Multi-Family Properties for Sale in Nanaimo →All real estate in Nanaimo →

Description

Turnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release. (id:66096)

Property Details

MLS®: 1041190
Property Type: Multi-family
Zoning: Unknown
Parking: 8
Lot Size: 9,400 sq ft (0.21 ac)
Building Area: 3,060 ft²
Units: 8
Year Built: 2021
Ownership: Freehold
Property Tax: $7,873.47/yr
Listed: 135 days ago

Market Timing

Days on market

135d

Nanaimo listings, avg age

87d

List price

$1.98M

Haho

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Listed by NAI Commercial (Victoria) Inc. · Jed Grieve

Location

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$1,975,000

For sale

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Full Cost Breakdown

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Down Payment20% · $395,000

Min 20%50%

Mortgage payment$8,423/mo

Property tax (est.)$656/mo

Total monthly$9,079

Cash Needed to Close

Down payment (20%)$395,000

Land transfer tax$37,500

Est. closing costs$8,425

Total cash needed$440,925

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