Amazing Income Potential. This renovated 4 plex, on the edge of Cinnabar Valley, is a fantastic investment opportunity that should provide little maintenance for years to come. In addition, the City of Nanaimo has confirmed the potential of additional units to be built on this lot with approval. With .63 acres, this mature, nicely manicured lot, has 4 nicely updated self contained units with in suite laundry, 2 bed, 1 bath and approximately 800 sq feet per home with great tenants in place. Each unit has its own deck /patio space, updated 4 piece bath and plenty of parking. Close to all levels of shopping, about 7 minutes to downtown Nanaimo, and 3 minutes to parkway access this home is in a quickly developing area and will be a great investment for years to come. All measurements and data are approximate and should be verified if deemed important.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8