777 & 789 Northumberland Avenue, Nanaimo, BC – Just Listed

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777 & 789 Northumberland Avenue, Nanaimo, BC

Just Listed

$ Click for current price

Property Description

Valuable investment and holding property in popular Townsite neighbourhood where pride of ownership is apparent. Older properties such as this are being replaced with fine new homes. You could build 2 homes or City advises re-zoning will allow for up to 5 units. In the meantime this duplex is maintained in great condition & always rented. Current tenants pay  $1800 ($900 each side) per month plus own utilities & they want to stay. 1 block to Brechin School, few blocks to Terminal Park Mall shopping and an easy walk to the Hospital, Beban Park and the seawall. Photos show the duplex when empty. Renovation vary on each side. Each side has own carport, laundry and storage rooms. Property fronts 3 streets. Building higher may offer Newcastle Channel Views. 10 yr Roof restoration done in 2008. 2 New gas hot water tanks in 2014. Gas furnaces installed in 2000 & serviced every year. Allow 24 hours notice for tenants. Pls drive by before making appts. Data/room sizes believed accurate. Verify if important.