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487 - 489 Winchester Ave, Nanaimo, BC, V9R 6A5

  • 10 Beds
  • 4 Baths
  • 4,500 Sqft
  • .24 Acres
  • 10 Beds
  • 4 Baths
  • 4,500 Sqft
  • .24 Acres

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487 - 489 Winchester Ave

– $1,186,000

Fantastic investment opportunity - a legal duplex with four separate units and lane access. Three of the units are currently rented, generating over $4800 per month in revenue. The property has recently been designated as COR1 zoning, allowing for future development potential; details of which can be confirmed with the City of Nanaimo. The current owners have kept the property very well maintained and done upgrades as needed. Recent upgrades include flooring, fresh paint, appliances, kitchen sinks and fixtures, kitchen cabinets and deck railings. See the feature sheet for the full list of upgrades. This is a great location near VIU and the amenities of University Village. For more information on this property see the 3D tour, video, and floor plan. All data and measurements are approximate and must be verified if fundamental.

Essential Information

  • MLS® #976976
  • Price$1,186,000
  • Bedrooms10
  • Bathrooms4
  • Square Footage4,500
  • Acres0.24
  • Year Built1980
  • TypeResidential
  • Sub-TypeQuadruplex
  • StatusActive
  • Taxes$5,854
  • Tax Year2023

Community Information

  • Address487 - 489 Winchester Ave
  • AreaNa South Nanaimo
  • CityNanaimo
  • CountyNanaimo, City of
  • ProvinceBC
  • Postal CodeV9R 6A5

Amenities

  • Parking Spaces8
  • ParkingCarport, Open

Interior

  • HeatingBaseboard, Electric
  • CoolingNone
  • FireplaceYes
  • # of Fireplaces4
  • FireplacesLiving Room

Exterior

  • RoofFibreglass Shingle
  • ConstructionFrame Wood, Stucco
  • FoundationPoured Concrete

Additional Information

  • Listing OfficeRE/MAX of Nanaimo
  • Date ListedSeptember 24th, 2024
  • Days on Market17
  • ZoningCOR1
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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.