522 Hecate St

MLS® 862600

Property Description

Here is a great opportunity to own a rare historical building in downtown Nanaimo. Built in 1891, this original 6 -plex
offers incredible rental income. The main floor houses 3 units, 2 bachelor suites & the 3rd is a spacious 1 bedroom.
Upstairs you will find two more spacious 1 bedrooms suites both with peek-a-boo ocean & downtown views. Outside &
around the back of the complex is another bright bachelor unit with its own additional mudroom. Little needs to be done
here with the building having a new roof, windows, siding & paint. There is an efficient natural gas radiant heat system
to keep cost down. In addition to the complex, there is a large detached shop that is roughed in for communal laundry,
which could easily be turned into multiple storage lockers for individuals renting the units. The rental potential in this
building is $5300 with all units occupied that would give you a 7% CAP rate!! If you're looking for an amazing
investment, look no further.

Full Address

522 Hecate St, Nanaimo BC V9R 4K2

MLS® Number

862600

Listing Price

$739,900

Property Type

Multi Family

Year Built

1891

Annual Tax Amount

$3,043.99

Lot Features

Level, Marina Nearby, Shopping Nearby, Sidewalk

Exterior Features

Fencing: Full, Low Maintenance Yard

Water Source

Municipal

Heating

Heat Recovery, Mixed

Cooling

None

Sewer

Sewer Available

Property Location

Listing by 460 Realty Inc.

Listing information last updated: Sat Jan 23 2021 17:30:38 GMT+0000 (Coordinated Universal Time)

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Jenny Bruce Personal Real Estate Corporation

If you didn’t find the answer to your question, please contact me and I will get back to you as soon as possible.

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