About this property
A unique opportunity to acquire a well maintained 9-unit rental property in the heart of Nanaimo, offering a rare combination of substantial recent capital improvements, attractive assumable financing and a diverse suite mix. Originally built in 1930, the property has undergone over $600,000 in extensive renovations, including roof treatment, upgraded windows, electrical and plumbing improvements, five heat pumps and a dedicated laundry room just to name a few. The property features a mix of seven studios, one two-bedroom and one four-bedroom suite, with a majority of townhouse-style entrances providing added privacy and convenience for residents. An assumable MLI Select mortgage with favourable amortization and terms provides an attractive financing opportunity, with potential vendor take-back financing also available. Ideally located close to Nanaimo’s amenities, transportation, employment centres and services, 997 Hecate Street presents a compelling opportunity for investors seeking a low maintenance, substantially upgraded multifamily asset with strong long-term potential.
Amenities and Features
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