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For Sale
$2,040,000
MLS® 1041190
531 Kennedy St
Nanaimo, British Columbia, V9R2J6
- Interior
- 3,060 sqft
- Property type
- Multi-family
- Building
- Multi-family
- Year built
- 2021
- Lot size
- 9400 square feet
- Parking
- 8
Property facts
- Interior
- 3,060 sqft
- Property type
- Multi-family
- Building
- Multi-family
- Transaction
- For Sale
- Year built
- 2021
- Lot size
- 9400 square feet
- Parking
- 8
- Ownership
- Freehold
About this property
Turnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release. (id:53361)