89 Princess St

Nanaimo, Vancouver Island
British Columbia, Canada V9R 4M4

$654,900

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Description

This property features income-generating suites, each with private entrances, situated in an area with high rental demand. An excellent opportunity to begin or expand a real estate portfolio and leverage tenant income to cover mortgage costs. The property currently generates over $3,800 in monthly revenue. The upper unit includes two bedrooms, one bathroom, and direct access to a sunlit backyard. Additionally, there is a one-bedroom lower suite and a third bachelor suite. Benefiting from exposur...

...e on two road frontages, the property offers convenient parking. Its proximity to downtown and the university makes it ideal for both rental investment and owner-occupation. The yard is low-maintenance, and the home has undergone numerous recent updates, including the roof.

Property Details

  • MLS ID :

  • Price :

  • Property Size :

  • Lot Size Acres :

  • 997733

  • $654,900

  • 1861.00

  • 0.09

  • Bedrooms :

  • Bathrooms :

  • Garage :

  • Parking Total :

  • 3

  • 3

  • No

  • 5

  • Property Type :

  • Days On Market :

  • MLS Area :

  • MLS Status :

  • Residential

  • 53

  • Nanaimo

  • Active

Additional Details

  • Tax Annual :

  • Tax Year :

  • $3,875

  • 2025

  • View :

  • Water :

  • Sewer :

  • Municipal

  • Sewer Connected

Additional Information

This property features income-generating suites, each with private entrances, situated in an area with high rental demand. An excellent opportunity to begin or expand a real estate portfolio and leverage tenant income to cover mortgage costs. The property currently generates over $3,800 in monthly revenue. The upper unit includes two bedrooms, one bathroom, and direct access to a sunlit backyard. Additionally, there is a one-bedroom lower suite and a third bachelor suite. Benefiting from exposure on two road frontages, the property offers convenient parking. Its proximity to downtown and the university makes it ideal for both rental investment and owner-occupation. The yard is low-maintenance, and the home has undergone numerous recent updates, including the roof.




Additional,Driveway,On Street,Open,Other

Location 89 Princess St Nanaimo V9R 4M4


Contact

Scott Parker

250-751-1223

scott@scottparker.ca

RE/MAX of Nanaimo

1-5140 Metral Drive,, Nanaimo


Property listed by: eXp Realty (NA)
REALTOR John Cooper,