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546 Wakesiah Ave
Nanaimo
V9R 3L1
$749,000
Residential
beds: 6
baths: 3.0
2,120 sq. ft.
built: 1981
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1010599
- Bedrooms:
- 6
- Bathrooms:
- 3
- Year Built:
- 1981
- Photos (38)
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Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place.
Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University.
The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future.
Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow.
Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1981 (Age: 44)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,120 sq. ft.
- Listing General Location:
- Na University District, Nanaimo
- Bedrooms:
- 6
- Bathrooms:
- 3.0 (Full:-/Half:-)
- Lot Size:
- 4,830 sq. ft.
- Kitchens:
- 2
- Taxes:
- Signup
- Construction:
- Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Partial, Insulation: Walls, Stucco
- New Construction:
- No
- Basement:
- Full, Walk-Out Access, With Windows
- Foundation:
- Concrete Perimeter
- Roof:
- Fibreglass Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 2,120 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 6
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 3
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 1
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 1,085 sq. ft.
- Living Area Main Floor:
- 1,035 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- Common Area
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Additional Accommodations:
- Exists
- Cooling:
- None
- Heating:
- Baseboard
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- 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
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 2
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 1
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- East
- Layout:
- Main Level Entry with Upper Level(s)
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport
- Total Parking Spaces:
- 4
- Total Units:
- Signup
- Date Listed:
- Aug 07, 2025
- Original Price:
- 749000.0
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Virtual Tour
Listed by Pemberton Holmes Ltd. (Pkvl)
Data was last updated October 7, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 56
- Avg list price:
- $687,000
- Min list price:
- $299,000
- Max list price:
- $2,969,000
- Avg days on market:
- 45
- Min days on market:
- 4
- Max days on market:
- 259
- Avg price per sq.ft.:
- $397.42
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email