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Denise Hodgins PREC*

denise@bcislandhomes.ca +1(250) 619-2855

$ 659,900

Est. payment -/mo

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89 Princess St Nanaimo, BC V9R 4M4

3 Beds

3 Baths

1,861 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,861 sqft

Price per Sqft $354

MLS Listing ID 997733

Style Main Level Entry with Upper Level(s)

Bedrooms 3

Rental Info Unrestricted

Year Built 1980

Annual Tax Amount $3,874

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Single Family Detached

Property Description

This property features income-generating suites, each with private entrances, situated in an area with high rental demand. An excellent opportunity to begin or expand a real estate portfolio and leverage tenant income to cover mortgage costs. The property currently generates over $3,800 in monthly revenue. The upper unit includes two bedrooms, one bathroom, and direct access to a sunlit backyard. Additionally, there is a one-bedroom lower suite and a third bachelor suite. Benefiting from exposure on two road frontages, the property offers convenient parking. Its proximity to downtown and the university makes it ideal for both rental investment and owner-occupation. The yard is low-maintenance, and the home has undergone numerous recent updates, including the roof.

Location

Province BC

County Nanaimo, City Of

Area Nanaimo

Rooms

Basement Finished, With Windows

Main Level Bedrooms 2

Kitchen 3

Interior

Heating Baseboard

Cooling None

Fireplaces Number 1

Fireplaces Type Gas

Fireplace Yes

Heat Source Baseboard

Laundry Common Area, In House

Exterior

Parking Features Additional, Driveway, On Street, Open, Other

Roof Type Asphalt Shingle

Total Parking Spaces 5

Building

Faces West

Foundation Slab

Sewer Sewer Connected

Water Municipal

Additional Building Exists

Structure Type Frame Wood

Others

Pets Allowed Yes

Tax ID 007-122-667

Ownership Freehold

Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs

Virtual Tour https://johncooper.ca/listing-detail/1162237312/89_Princess_St-Nanaimo-BC

Listed by eXp Realty (NA)