$995,000 FOR SALE

Triplex

Bedrooms: 5Bathrooms: 4

795/797/799 Dogwood Rd
Nanaimo, BC V9R 3C2 | South Nanaimo

This is an exceptional 3-unit investment property currently listed at it’s assessed value. A vacant full-sized rancher and a SxS duplex currently rented at market rates, together with a 474sf detached shop with both plumbing and electrical for additional income possibilities. The rancher is 1146sf with 3 bedrooms, lots of parking, and invites you to owner occupy so you benefit from the duplex income; or rent it at local market rates ($2300-$2400/m; $5600-$5700 total income) for a 3 unit full investment property. The rancher also features a large living room, dining room, and kitchen, with a large front deck and distant ocean and city views, main bathroom plus laundry room. The east side of the duplex is a 1 bedroom and den, laundry, kitchen, dining and living room areas. It was recently updated with paint, flooring, and cabinetry; it boasts a front deck with views. The west side of the duplex has one-bedroom, front deck and ocean views. A proforma shows net of operating costs approx. approx. 5.7% ROI. The 474sf detached shop is bonus space and is nestled behind the rancher. Abundant parking on this 18,000 sf lot. The property backs onto Morrell Nature Sanctuary for privacy and peacefulness, with its myriad trails and connection by trail to Westwood Lake. You are a 10 minute walk to Vancouver Island University, an excellent source for renters, and Colliery Dam Park. All measurements are approximate and should be verified if important. (id:47423)

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Listed By RE/MAX of Nanaimo
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 977479
Last Updated Oct 04, 2024
Property Summary
Property Type Triplex

More like this:
Neighbourhood South Nanaimo
Price History
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Detailed Information
Bedrooms 5
Bathrooms 4
Features Wooded area, Other
Listing Contract Date 2024-10-01
Municipal ID 001-401-653
Ownership Type Freehold
# of Parking Spaces 6
Property Type Single Family
Structures Patio(s)
Transaction Type For sale
Views City view, Mountain view, Ocean view
Zoning Multi-Family
Building
Constructed Date 1974
Cooling Type None
Heating Fuel Electric
Heating Type Baseboard heaters
Total Finished Area 2928 sqft
Type Triplex
Rooms
Room Level Dimensions Notes
SunroomMain level21'5 x 5'11
BathroomMain level4-Piece
Laundry roomMain level9'2 x 6'10
KitchenMain level11'11 x 9'2
Dining roomMain level9'2 x 6'0
Living roomMain level21'11 x 13'1
BedroomMain level13'1 x 11'4
Primary BedroomMain level11'8 x 11'0
BedroomMain level8'8 x 8'1
PatioMain level46'11 x 12'5
WorkshopMain level18'3 x 12'6
BathroomMain level1-Piece
WorkshopMain level16'1 x 12'6
DenOther11'11 x 7'8
Living roomOther12'4 x 11'2
KitchenOther9'0 x 8'2
Dining roomOther9'9 x 7'6
Laundry roomOther10'7 x 6'8
BathroomOther4-Piece
BedroomOther11'8 x 11'3
Living roomOther19'3 x 8'3
KitchenOther9'0 x 8'3
Dining roomOther9'9 x 7'6
Laundry roomOther10'7 x 6'8
BathroomOther4-Piece
BedroomOther11'8 x 11'3
Parking Spaces
Name Spaces
Open
Land
Total Size 18000 square feet
Size of Irregular Land 18000

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