Water Views
Address
522 Hecate St Nanaimo, BC
Price
$ 749,900
Property Attributes
  • MLS#858698
  • TypeSingle Family
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 4K2
  • StyleHeritage
  • Year Built1891
  • Taxes2983
  • Price$ 749,900
  • Bedrooms3
  • Full Bathrooms5
  • Half Bathrooms1
  • Sqr Footage2466
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
460 Realty Inc.
Property Description

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.

General Features

Accessibility Features Accessible Entrance
Appliances Oven/Range Gas
Arch Style Heritage
Construction Materials Stucco
Cooling None
Flooring Laminate
Heating Hot Water, Natural Gas
Pets Allowed Y/N Yes
Property SubType Other
Property Type Residential
Roof Fibreglass Shingle
Sewer Sewer To Lot
View Mountain(s), Ocean
Zoning Type Multi-Family

Interior Features

Basement Not Full Height, Unfinished
Basement Height Feet 6
Basement Y/N Yes
Bath 2 Piece Total 1
Bath 3 Piece Total 4
Bath 4 Piece Total 1
Bathrooms Count Main Level 5
Bathrooms Count Second Level 2
Bedrooms Count Main Level 1
Bedrooms Count Second Level 2
Bedrooms Or Dens Total 3
Building Area Unfinished 459.00
Kitchens Count Main Level 1
Laundry Features None
Living Area 2466.00
Living Area Main 1448.00
Living Area Other 459.00
Living Area Second 1018.00
Total Kitchens 1
Window Features Vinyl Frames

Exterior Features

Building Area Total 2925.00
Driveway Yn Yes
Exterior Features Fencing: Full, Low Maintenance Yard
Foundation Poured Concrete, Stone
Lot Description Landscaped, Level, Recreation Nearby, Shopping Nearby, Sidewalk
Lot Size Acres 0.15
Lot Size Square Feet 6334.00
Other Structures Storage Shed, Workshop
Parking Features Additional, Driveway, On Street
Parking Total 5
View Yn Yes
Water Source Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V9R 4K2

Price
AVG $750K
$750K
Taxes
AVG $3,003
$2,983
Visits
AVG 27
62
Year Built
AVG 1891
1891
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data

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