$1,445,000

Investment For Sale In Pleasant Valley/Rutherford, Nanaimo, British Columbia

$1,445,000

Property Information:

Set on a generous corner lot, this LEGAL FOURPLEX offers a blend of steady income, flexibility, and future potential close to schools, shopping, and parks. Two spacious three-bedroom upper units each enjoy an extra den/family room on the lower level for added storage or living space, and two 2-bed lower units have functional layouts designed for comfortable living. All units include private laundry and separate utilities. Sitting along the recently upgraded Metral Dr corridor, the property takes advantage of the “complete street” design which provides more comfortable, safe and effective mobility for walking, cycling and transit users. At just over a 1/3 of an acre, this property offers ample space for redevelopment as supported by the Official Community Plan (buyers to verify with city). Whether you’re a multi-generational family, an investor looking to hold and earn, or a developer exploring infill possibilities, this property delivers both immediate returns and long-term upside.

Property Features:

  • Bedrooms: 10
  • Bathrooms: 4
  • Annual Tax Amount: $7,255
  • Appliances: F/S/W/D
  • Basement: Finished
  • Built in: 1974
  • Construction Materials: Stucco
  • Cooling: None
  • Exterior Features: Balcony/Deck
  • Floor Space (approx): 4740 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Laundry Features: In Unit
  • Lot Features: Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Level, Recreation Nearby, Shopping Nearby, Sidewalk
  • Lot Frontage: 16501 Square Feet
  • Lot Size: 16501.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Open
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Roof: Asphalt Torch On
  • Utilities: Cable Available, Compost, Electricity Available, Garbage, Recycling
  • Water Source: Municipal
  • Window Features: Vinyl Frames
  • Zoning: R5
  • Zoning Description: Multi-Family
  • Sewer:
  • No. of Parking Spaces: 8

Rooms:

  • Dining 2nd Level 3.30 m x 2.79 m
  • Kitchen 2nd Level 3.56 m x 3.17 m
  • Living 2nd Level 5.13 m x 4.06 m
  • Other 2nd Level 4.04 m x 3.51 m
  • Bedroom 2nd Level 3.73 m x 3.20 m
  • Bedroom 2nd Level 3.17 m x 2.84 m
  • Bathroom 2nd Level
  • Living 2nd Level 5.13 m x 4.06 m
  • Family Room Main Level 4.22 m x 3.63 m
  • Dining 2nd Level 3.30 m x 2.79 m

Courtesy of: REMAX Professionals (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.