Attention Developers, Investors & those looking for an income property! This 0.33 acre lot is zoned R-3-A, which is a Low Density Residential zone that accommodates multi-unit development. It has access from the Trans-Canada Highway and is also fronted by 2nd Ave at the back. The current building consists of three suites, each with its own hydro meter and hot water tank plus there is shared laundry in the basement. Suite 2 has two bedrooms and Suites 1 & 3 have one bedroom each. All three suites are currently occupied by tenants, with Suite 1 becoming vacant at the end of April. Don’t miss this fantastic opportunity to acquire a sharply priced property that provides immediate rental income while you hold it and plan for its higher and better future use.
Address
1136 Trans Canada Hwy
List Price
$529,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Duncan
Sub-Area
Du Ladysmith
Bedrooms
4
Bathrooms
3
Floor Area
1,974 Sq. Ft.
Lot Size
14322 Sq. Ft.
Lot Size (Acres)
0.33 Ac.
Year Built
1950
MLS® Number
993912
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Full
Postal Code
V9G 1A0
Tax Amount
$3,893.00
Tax Year
2024
Features
Baseboard, Electric