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. (id:4069)
Address
89 Princess St
List Price
$659,900
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
3
Bathrooms
3
Floor Area
1,861 Sq. Ft.
Lot Size
3960 Sq. Ft.
Year Built
1980
MLS® Number
997733
Listing Brokerage
eXp Realty (NA)
Postal Code
V9R4M4
