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1922 Cedar Rd

Cedar RdNanaimo ABC, V9X 1L7

11
Beds
6
Baths
4,392
Sq. Ft.
$999,900
List Price
1922 Cedar Rd, Nanaimo A, BC - 1 of 3
1922 Cedar Rd, Nanaimo A, BC - 2 of 3
1922 Cedar Rd, Nanaimo A, BC - 3 of 3
128 days on market

Quick Summary

  • Lucrative investment property with 2 full duplexes
  • Situated on a spacious 1.2 acre level lot
  • Convenient location near Cedar's local amenities
  • All 4 units on month-to-month leases for flexibility
  • Fully renovated 3 bed, 2 bath unit with $1319/month rent
  • Long-term 2 bed, 1 bath tenants paying $781-$897/month
  • Separate laundry facilities and private entrances for units
  • New septic system installed in December 2023

Investment opportunity! 2 full up down duplexes located on a level 1.2 acres in Cedar. This property offers great income earning potential and is located within walking distance of Cedar’s amenities. All 4 tenants are on a month-to-month tenancy. 1922 is up-down mobile home duplex - 1922A is a 4 bd, 2 ba unit with tenant paying... Show More

Investment opportunity! 2 full up down duplexes located on a level 1.2 acres in Cedar. This property offers great income earning potential and is located within walking distance of Cedar’s amenities. All 4 tenants are on a month-to-month tenancy. 1922 is up-down mobile home duplex - 1922A is a 4 bd, 2 ba unit with tenant paying $1878/month + util (seller covers the gas). 1922B is a 3 bd, 2 ba unit that was fully renovated in 2018 where the tenant is paying $1319/month + utilities & gas. 1924 & 1926 are both 2 bed, 1 bath units. 1924 is the lower unit of the original duplex on the property and is a tenant who has been occupying this space for 34 years. Tenant pays $781/month + util. The upper unit in this dwelling is 1926 and this tenant is currently paying $897/month + util. All units have their own laundry facilities and private entrances. The tenants in 1924 & 1926 share the use of the detached carport/workshop. New Septic installed December 2023 for 1924/1926. Data and measurements are approx. and must be verified if import. (id:54626)

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Property Details

Size

4,392 sq. ft.
31 total rooms
11 Beds
6 Baths
6 Full

Parking

4 Parking Spaces
Stall

Build

Year Built
1952
Model Name
-
Basement
-
Exterior
-
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
-
Cooling
Air Conditioned
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Rooms

Bathroom

Bathroom

Bedroom

9′7″ x 10′9″

Primary Bedroom

11′3″ x 11′4″

Laundry room

7′0″ x 7′5″

Kitchen

8′5″ x 11′1″

Living room

15′0″ x 14′10″

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Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Source

Listing Brokerage

MLS® Listing
969963
Last Updated
July 10, 2024
Brokerage
RE/MAX of Nanaimo
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