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505 7th St
Na South Nanaimo
Nanaimo
V9R 1E9
$799,000
Residential
beds: 0
baths: 1.0
2,602 sq. ft.
built: 1910
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 916530
- Bathrooms:
- 1
- Year Built:
- 1910
- Photos (10)
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Financing options maybe available - Amazing opportunity to own a turn key investment property in University District. Walking distance to ammenities, school, park, shopping, university and easy access to anywhere on the island with minutes to Highway, Float planes, Ferries. According to Future land use designation from city this is a Corridor. Such properties can be used for multifamily, mix use, commercial depending on approval from the City of Nanaimo. Student housing can also be a very lucrative opportunity for the right investor. Currently rented on per room basis for $2900/month with the house manager in place. Sharply Priced for land value only. House is AS-IS-WHERE-IS! All measurements from BC assessment are approximate but and must be verified by Buyers agent if fundamental to the purchase! Also listed under RES MLS# 916484
- Property Type:
- Residential
- Type:
- Single Family Detached
- Year built:
- 1910 (Age: 113)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,602 sq. ft.241.734 m2
- Listing General Location:
- Na South Nanaimo, Nanaimo
- Bedrooms:
- 0
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 8,712.06 sq. ft.809.377 m2
- Kitchens:
- 0
- Taxes:
- Signup
- Construction:
- See Remarks
- New Construction:
- No
- Basement:
- Crawl Space, Other
- Foundation:
- Other
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 2,602 sq. ft.241.734 m2
- Total Unfinished Area:
- 0 sq. ft.0 m2
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 680 sq. ft.63.174 m2
- Living Area Main Floor:
- 1,543 sq. ft.143.349 m2
- Living Area Other Floor:
- 0 sq. ft.0 m2
- Living Area 2nd Floor:
- 379 sq. ft.35.21 m2
- Living Area 3rd Floor:
- 0 sq. ft.0 m2
- Fireplaces:
- 0
- Laundry Features:
- In Unit
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Mixed
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 0
- 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:
- Fixer, Resale
- Exposure / Faces:
- See Remarks
- Layout:
- Main Level Entry with Lower/Upper Lvl(s)
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Driveway
- Total Parking Spaces:
- 4
- Total Units:
- Signup
- Date Listed:
- Oct 07, 2022
- Original Price:
- 799000.0
Larger map options:
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated May 30, 2023 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 85
- Avg list price:
- $674,900
- Min list price:
- $145,000
- Max list price:
- $1,450,000
- Avg days on market:
- 46
- Min days on market:
- 1
- Max days on market:
- 259
- Avg price per sq.ft.:
- $373.62
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.
- DEANA BAUMEL PREC
- RE/MAX OF NANAIMO
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX OF NANAIMO
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca
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.