Salehian.com 647-325-5000

531 Kennedy St

Old City, Nanaimo, BC, V9R2J6

Listed by NAI Commercial (Victoria) Inc.

$1,975,000

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  • 8 parking
  • 3060 sq ft

Listed 121 days ago · MLS® 1041190

About this home

Turnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release. (id:66966)

Details

Type
Multiplex
Size
3060 sq ft
Property tax
$7,873
Neighbourhood
Old City
Municipality
Nanaimo

Interior

Fireplace
No

Building and exterior

Year built
2021

Parking

Total parking
8

Location

Location is approximate. See nearby homes on the map

Listed by NAI Commercial (Victoria) Inc..

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