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522 Hecate St
Na Old City V9R 4K2

$739,900
Commercial Sale built: 1891

Main Photo: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 1: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 2: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 3: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 4: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 5: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 6: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
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Photo 22: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
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Photo 51: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 52: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 53: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 54: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 55: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 56: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 57: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 58: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 59: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 60: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 61: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 62: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Photo 63: 522 Hecate St in : Na Old City Multi Family for sale (Nanaimo)  : MLS®# 862600
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
862600
Year Built:
1891
Here is a great opportunity to own a rare historical building in downtown Nanaimo. Built in 1891, this original 6 -plex offers incredible rental income. The main floor houses 3 units, 2 bachelor suites & the 3rd is a spacious 1 bedroom. Upstairs you will find two more spacious 1 bedrooms suites both with peek-a-boo ocean & downtown views. Outside & around the back of the complex is another bright bachelor unit with its own additional mudroom. Little needs to be done here with the building having a new roof, windows, siding & paint. There is an efficient natural gas radiant heat system to keep cost down. In addition to the complex, there is a large detached shop that is roughed in for communal laundry, which could easily be turned into multiple storage lockers for individuals renting the units. The rental potential in this building is $5300 with all units occupied that would give you a 7% CAP rate!! If you're looking for an amazing investment, look no further.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Year built:
1891 (Age: 130)
Lease Type:
Sale of Assets
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.15 acre(s)
Building Features:
Basement
Construction:
Stucco
New Construction:
No
Foundation:
Concrete Perimeter, Stone
Electricity:
Yes
Floor finish:
Wood
Water supply:
Municipal
Sewer:
Sewer Available
Cooling:
None
Heating:
Heat Recovery, Mixed
Fireplace:
No
Fencing: Full, Low Maintenance Yard
Valley, Lake
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Property Condition:
Updated/Remodeled
Utilities:
Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Connected, Phone Available, Phone Connected, Recycling
Lot Site Features:
Level, Marina Nearby, Shopping Nearby, Sidewalk
Parking Features:
On Site
Road Surface Type:
Paved
Date Listed:
Jan 08, 2021
Original Price:
739900.0
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Additional Photos

Virtual Tour

Listed by Dustin Layzell and Cody Dreger of 460 Realty Inc.
Data was last updated January 27, 2021 at 07:30 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$844,950
Min list price:
$15
Max list price:
$5,800,000
Avg days on market:
93
Min days on market:
12
Max days on market:
569
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
WIN MYINT
SANDY LIU

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About Win & Sandy

 

A dynamic husband and wife team servicing all of Vancouver Island both residential and commercial properties.  We are passionate about real estate!  Whether buying or selling, let our knowledge, experience  and commitment exceed your expectations every time.


 

VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification. - Listing data updated on August 16, 2018.

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.