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Renanza Realty
For sale

611 Sandy Crt

Nanaimo, British Columbia

MLS® 1048866

$1,399,900

Status
Active
Property type
House
MLS® number
1048866
Bedrooms
10
Bathrooms
7
Year built
2017

Listing description

INVESTOR ALERT: 6. 51% CAP RATE! A rare opportunity to acquire a newer, income-producing property with exceptional flexibility in a convenient Nanaimo location.

Built in 2017 and tucked away at the end of a quiet cul-de-sac, this meticulously maintained property offers an impressive 3,584 sq. ft. of finished living space with 10 bedrooms, 7 bathrooms, 4 kitchens and in-unit laundry for each living space.

Currently configured as four residential units, the versatile layout provides an excellent opportunity for investors, multi-generational families or buyers looking to live in one portion while generating substantial rental income from the others. The property is zoned R5, which permits up to four dwelling units subject to applicable City requirements. Inside, you'll find spacious, functional living areas spread across two levels, while outside, the generous 7,388 sq.

ft. lot features a fenced side and backyard, mature fruit trees and landscaped outdoor space. Plenty of parking adds to the practicality for multiple occupants, while two hydro meters and separate laundry facilities enhance the property's functionality.

The location is equally appealing, offering easy access to Vancouver Island University, Nanaimo Aquatic and Recreation Centre, shopping, highway connections and the trails, swimming spots and natural beauty of Colliery Dam Park. Whether you're expanding your investment portfolio, looking for a property with strong cash flow potential, or searching for a flexible home that can accommodate extended family, 611 Sandy Court delivers a combination of space, income potential and versatility that's increasingly difficult to find.

Property summary

MLS® number
1048866
Property type
Single Family
Building type
Fourplex
Square footage
3,584 sq ft
Title
Freehold
Land size
7388 square feet
Built in
2017
Annual property taxes
$6,702.13
Parking
5 spaces
Days on market
1 day

Features & details

Heating
Electric
Cooling
None
Lot features
Cul-de-sac

What would this home cost you?

Based on the $1,399,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$6,514 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Oakwyn Realty Ltd. (NA), Nanaimo.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.