Water Views
522 Hecate St Nanaimo, BC
$ 739,900
Property Attributes
  • MLS#862600
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 4K2
  • StyleMulti Family
  • Year Built1891
  • Taxes3043
  • Price$ 739,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
460 Realty Inc.
Property Description

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.

General Features

Ceiling Height 10
Commercial Area Other
Commercial Listing Type Building
Construction Materials Stucco
Cooling None
Flooring Wood
Heating Heat Recovery, Mixed
Property SubType Multi Family
Property Type Commercial Sale
Sewer Sewer Available
View Valley, Lake

Interior Features

Number Of Units In Building 6
Number Of Units In Community 6
Total Units 6

Exterior Features

Building Features Basement
Exterior Features Fencing: Full, Low Maintenance Yard
Foundation Poured Concrete, Stone
Lot Description Level, Marina Nearby, Shopping Nearby, Sidewalk
Lot Size Acres 0.15
Lot Size Square Feet 6334.00
Parking Onsite Yn Yes
View Yn Yes
Water Source Municipal


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V9R 4K2

AVG $740K
AVG $3,043
AVG 29
Year Built
AVG 1891
AVG 76
Data Provided by Walkscore ® not using MLS data