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.
Address
89 Princess St
List Price
$659,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na South Nanaimo
Bedrooms
3
Bathrooms
3
Floor Area
1,861 Sq. Ft.
Lot Size
3960 Sq. Ft.
Lot Size (Acres)
0.09 Ac.
Year Built
1980
MLS® Number
997733
Listing Brokerage
eXp Realty (NA)
Basement Area
Finished, With Windows
Postal Code
V9R 4M4
Tax Amount
$3,874.92
Tax Year
2024
Features
Baseboard