House For Sale In Five Acres, Nanaimo, British Columbia

$719,000 QuickQuote^TM: $612K - $820K

6 Beds

3 Baths

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546 Wakesiah Ave, Nanaimo, BC, V9R 3L1

$719,000

6 Beds

3 Baths

Property Information:

Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place.Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future.Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow.Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.

Property Features:

Bedrooms: 6
Bathrooms: 3
Annual Tax Amount: $4,298
Basement: Full, Walk-Out Access, With Windows
Built in: 1981
Construction Materials: Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Partial, Insulation: Walls, Stucco
Cooling: None
Floor Space (approx): 2120 Square Feet
Foundation Details: Concrete Perimeter
Heating: Baseboard
Laundry Features: Common Area
Lot Frontage: 4830 Square Feet
Lot Size: 4830.00 Square Feet
Ownership: Freehold
Parking Features: Carport
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Resale
Property Sub Type:
Roof: Fibreglass Shingle
Water Source: Municipal
Zoning: COR1
Zoning Description: Residential
Sewer:
No. of Parking Spaces: 4

Rooms:

Kitchen Main Level 3.17 m x 2.64 m
Living Main Level 3.84 m x 5.46 m
Dining Main Level 3.17 m x 2.16 m
Bedroom Main Level 3.17 m x 3.48 m
Bedroom Main Level 2.74 m x 3.58 m
Bathroom Main Level
Bedroom Main Level 2.74 m x 3.23 m
Ensuite Bathroom Main Level
Kitchen Other level :Lower 3.51 m x 4.67 m
Bedroom Other level :Lower 2.95 m x 3.61 m

Convert Measurement to:

Courtesy of: Pemberton Holmes Ltd. (Pkvl)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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QuickQuote^TM

Approximate value for 6 bed, 3 bath house in this area is:

List Price
below Estimate List Price
above Estimate

$719,000

List Price

$611,626

$820,135

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Market Price Trends

Location of 546 Wakesiah Ave, Nanaimo, BC, V9R 3L1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 546 Wakesiah Ave , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past

29℃

2050

31.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 546 Wakesiah Ave , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past

569.5mm

2050

660mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 546 Wakesiah Ave, Nanaimo, BC, V9R 3L1

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$104,297.88

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.46 %

High school certificate or equivalent

35.25 %

Apprenticeship trade certificate/diploma

9.02 %

College/non-university certificate

15.61 %

University certificate (below bachelor)

0.42 %

University Degree

25.23 %

Commuter

Travel To Work

By Car

84.73 %

By Public Transit

6.99 %

By Walking

6.05 %

By Bicycle

0.06 %

By Other Methods

2.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.76 %

Houses

96.24 %

Own Vs. Rent

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Property Information:

Property Features:

Rooms:

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Market Price Trends

Location of 546 Wakesiah Ave, Nanaimo, BC, V9R 3L1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 546 Wakesiah Ave, Nanaimo, BC, V9R 3L1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

546 Wakesiah Ave, Nanaimo, BC, V9R 3L1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing