Property Information:
Excellent 6.51% Cap Rate. Imagine coming home to a place with room for everyone & an opportunity to maximize the income. Built in 2017 and tucked away at the end of a quiet cul-de-sac, this meticulously maintained Quadplex offers 10 bedrooms, 7 bathrooms, 3,584 sq. ft. of finished living space & 4 rentable units. The flexible layout creates many possibilities, whether it's your primary and you are welcoming extended family, or looking for an investment property with excellent cashflow. With generous living areas, plenty of parking, and a fenced side and backyard, there is room to enjoy everyday life while making the most of the home’s potential. Enjoy the quieter cul-de-sac setting conveniently located near Vancouver Island University, the Nanaimo Recreation Centre, Shopping and beautiful Colliery Dam. Zoned R5, allowing up to 4 dwelling units subject to City requirements. A home with this much space and flexibility offers the opportunity to maximize income potential for years to come.
