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487 - 489 Winchester Ave

Winchester AveVancouver Island UniversityNanaimoBC, V9R 6A5

10
Beds
4
Baths
4,500
Sq. Ft.
$1,186,000
List Price
487 - 489 Winchester Ave, Nanaimo, BC - 1 of 3
487 - 489 Winchester Ave, Nanaimo, BC - 2 of 3
487 - 489 Winchester Ave, Nanaimo, BC - 3 of 3
New
11 days on market

Quick Summary

  • Profitable legal duplex with four units
  • Three units currently rented, generating $4800/month
  • COR1 zoning allows for future development
  • Well-maintained property with recent upgrades
  • Convenient location near VIU and amenities

Fantastic investment opportunity - a legal duplex with four separate units and lane access. Three of the units are currently rented, generating over $4800 per month in revenue. The property has recently been designated as COR1 zoning, allowing for future development potential; details of which can be confirmed with the City of Nanaimo.... Show More

Fantastic investment opportunity - a legal duplex with four separate units and lane access. Three of the units are currently rented, generating over $4800 per month in revenue. The property has recently been designated as COR1 zoning, allowing for future development potential; details of which can be confirmed with the City of Nanaimo. The current owners have kept the property very well maintained and done upgrades as needed. Recent upgrades include flooring, fresh paint, appliances, kitchen sinks and fixtures, kitchen cabinets and deck railings. See the feature sheet for the full list of upgrades. This is a great location near VIU and the amenities of University Village. For more information on this property see the 3D tour, video, and floor plan. All data and measurements are approximate and must be verified if fundamental. (id:54626)

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Property Details

Size

4,500 sq. ft.
26 total rooms
10 Beds
4 Baths
4 Full

Parking

8 Parking Spaces
-

Build

Year Built
1980
Model Name
-
Basement
-
Exterior
-
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
None
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Rooms

Bathroom

Bathroom

Bedroom

11′2″ x 9′6″

Bedroom

9′6″ x 9′6″

Primary Bedroom

11′6″ x 12′8″

Kitchen

Kitchen

Dining room

10′1″ x 10′4″

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Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Source

Listing Brokerage

MLS® Listing
976976
Last Updated
September 27, 2024
Brokerage
RE/MAX of Nanaimo
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