334-336 Howard Ave

Quadruplex For Sale in Na University District, Nanaimo

$1,100,000
  • 9 Beds
  • 6 Baths
  • 5,001 Sq. Ft.
  • Built 1971
University District 4 plex! This is a solid investment with a stable income stream. Situated on .23 of an acre property with plenty of parking is this Duplex zoned property with 4 units, 2 unauthorized lower suites, which are city recognized. This building is well maintained and offers over 5000 sq ft of living space with a total of 9 bedrooms, 6 baths and 2 laundry rooms. Equipped with 2 hydro meters, gas fired-zoned hot water heating system, 2 large hot water tanks and 4 fireplaces. Various updates have been made along the way as needed which include roof, vinyl windows, appliances, flooring, fixtures and cabinets. All units are spacious and are as follows – two 3-bedroom upper units (1158 sq ft & 1525 sq ft), one 2-bedroom lower unit (1204 sq ft) and one 1-bedroom lower unit (844 sq ft). Consistent revenue over the years currently shows a 4.7% cap rate with rent increases in place for 2023. This property is in a central location close to the bus routes, within walking distance to various amenities including the University, Downtown core, Nanaimo Recreation Centers and many parks and trails. Information package available upon request. All measurements are approximate, and data should be verified if important.
Address 334-336 Howard Ave
List Price $1,100,000
Property Type Residential
Type of Dwelling Quadruplex
Area Nanaimo
Sub-Area Na University District
Bedrooms 9
Bathrooms 6
Floor Area 5,001 Sq. Ft.
Lot Size 10019 Sq. Ft.
Year Built 1971
MLS® Number 917367
Listing Brokerage RE/MAX of Nanaimo
Basement Area Finished, Full
Postal Code V9R 3R7
Tax Amount $6,093.00
Tax Year 2022
Features Hot Water, Insulated Windows, Mixed, Natural Gas
Amenities Balcony/Deck, Balcony/Patio, Central Location, Easy Access, Recreation Nearby, Shopping Nearby

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Troy Petersen
Personal Real Estate Corporation

Sutton Group West Coast Realty

103 4400 Chatterton Way Victoria British Columbia V8X 5J2

Mobile: (250) 858-1134

Office: (250) 479-3333

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