South Nanaimo Investment Opportunity! $3,980/month proven rental income! This exceptional multi-unit property features several income streams: spacious 2-bed/1-bath main house ($2,000/month), cozy 1-bed basement suite ($1,080/month), plus stunning 400 sq ft detached studio ($900/month). BONUS: 400 sq ft shop offers additional rental potential or perfect storage solution! Level lot with rear alley access provides ample parking and future development opportunities. Major updates completed: updated roof & windows, updated gas furnace, modern 2 - 200-amp electrical services. Prime South Nanaimo location near university and downtown core ensures consistent high rental demand year-round. Excellent sun exposure, established long-term tenancies, and turn-key operation make this a rare find for serious investors. Perfect for house-hacking strategies or expanding your rental portfolio. Don't miss this income-generating goldmine in one of Nanaimo's most sought-after investment areas! RV Parking.
Address
705 Stirling Ave
List Price
$664,500
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na South Nanaimo
Bedrooms
3
Bathrooms
3
Floor Area
2,451 Sq. Ft.
Lot Size
6765 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
Year Built
1950
MLS® Number
1004923
Listing Brokerage
eXp Realty (NA)
Basement Area
Full
Postal Code
V9R 4C9
Tax Amount
$3,849.27
Tax Year
2024
Features
Forced Air, Mixed, Natural Gas, Wood
Amenities
Balcony/Patio, Easy Access, Family-Oriented Neighbourhood, Garden, Low Maintenance Yard, Shopping Nearby, Workshop