Hewer*
Phone Robyn
202-1551 Estevan Road
Nanaimo, BC
Canada V9S 3Y3
Details
Address | 647 Farquhar St |
Area | Nanaimo |
Sub Area | Old City |
State/Province | British Columbia |
Country | Canada |
Price | $899,900 |
Property Type | Full Duplex |
Bedrooms | 8 |
Bathrooms | 4 |
Floor Space | 3720 Square Feet |
Lot Size | 8712.00 Square Feet |
Waterfront | No |
Year Built | 1975 |
Taxes | $3,513 |
Tax Year | 2023 |
MLS® # | 953219 |
Great opportunity for investors, or those looking for a family home with mortgage helpers! This full duplex sits on a large R14 (Old City Low Density-Fourplex) lot and offers three units with a total of 8 bedrooms and 4 bathrooms. Unit A is a 2 bedroom, 1 bathroom unit tenanted to great long term tenants. Unit B is a 4 bedroom, 2 bathroom vacant unit that features a flex room in the basement with fridge and sink which would be perfect for a teenage hangout or hosting a student or local athlete! Unit C is also vacant and features a nicely updated 2 bedroom, 1 bathroom unit. All of this sits near the end of a quiet dead end street on an oversized lot with huge fenced back yard. Each unit has separate access, parking, in unit laundry and the two vacant units have been freshly updated and are ready for new tenants. At current rates and market rents, this property makes sense for a positive cashflow investment from day one and the zoning/lot size lend to great future development potential.