SOUTH NANAIMO

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695 Railway Ave
Na South Nanaimo Nanaimo V9R 4L1

$965,000
Residential beds: 8 baths: 4.0 3,040 sq. ft. built: 1967

Duplex with suites
Photo 1: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Photo 2: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Photo 3: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Photo 4: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Photo 5: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Photo 6: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Photo 7: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
Status:
Active
Prop. Type:
Residential
MLS® Num:
929364
Bedrooms:
8
Bathrooms:
4
Year Built:
1967
ATTENTION INVESTORS. Legal duplex each with occupied suites. All suites have 2 bedrooms and all have fridge, stove, washer, dryer. There are four hydro meters. Yearly gross revenues are almost $44,000 with tenants paying own hydro. That's a cap rate of about 3.5%. There is ample off street parking including 2 carports and each upper suite has its own large balcony. Windows have been replaced and three of the four units were fully updated in 2017. No permit was required for these updates. No showings until an offer has been negotiated. Serious inquiries only.
Property Type:
Residential
Type:
Full Duplex
Year built:
1967 (Age: 56)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
3,040 sq. ft.
Listing General Location:
Na South Nanaimo, Nanaimo
Bedrooms:
8
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
6,360.044 sq. ft.
Kitchens:
4
Taxes:
Construction:
Frame Wood, Stucco
New Construction:
No
Basement:
None
Foundation:
Slab
Roof:
Asphalt Shingle
Levels:
2
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
3,040 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
8
# Main Level Bedrooms:
4
# Second Level Bedrooms:
4
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
2
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
1,520 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
1,520 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Pending Date:
Insulated Windows
Garden
Mountain(s)
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R4
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
4
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Exposure / Faces:
East
Layout:
Duplex Side/Side
Lot Site Features:
Easy Access, Level, Quiet Area
Attached Garage:
No
Carport Spaces:
2
Garage Spaces:
0
Garage:
No
Parking Features:
Carport Double, Open
Total Parking Spaces:
4
Total Units:
Date Listed:
Apr 19, 2023
Original Price:
965000.0
  • Photo 1: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Duplex with suites
  • Photo 2: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Upper has balcony
  • Photo 3: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Other upper has a balcony
  • Photo 4: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Rear Fence Line
  • Photo 5: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Rear Fence Line
  • Photo 6: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Four separate meters
  • Photo 7: 695 Railway Ave in Nanaimo: Na South Nanaimo Full Duplex for sale : MLS®# 929364
    Front area... tenant takes care of nicely
Listed by Pemberton Holmes Ltd. (Ldy)
Data was last updated May 29, 2023 at 10:05 PM (UTC)
Area Statistics
Listings on market:
85
Avg list price:
$684,900
Min list price:
$145,000
Max list price:
$1,450,000
Avg days on market:
48
Min days on market:
4
Max days on market:
258
Avg price per sq.ft.:
$373.98
These statistics are generated based on the current listing's property type and located in Na South Nanaimo. Average values are derived using median calculations.
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.