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$949,900

1394/1396 Graham Cres, Nanaimo, BC, V9S 2E3

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MLS® # 993352

4 Beds

4 Baths

2638 FEETSQ sqft

Property Information:

Located in the heart of Central Nanaimo, this legal duplex presents a fantastic investment opportunity, generating $5700 per month in rental income. Situated on a low-maintenance corner lot, the property features three suites, offering flexibility and strong rental appeal. Each side of the duplex boasts an inviting main level with an open-concept living, dining, and kitchen area, highlighted by cozy gas fireplaces. Upstairs, both units offer two well-sized bedrooms and a 4-piece bathroom. The lower level of 1396 includes a versatile family room with a separate entrance, a modern 3-piece bath, and in-suite laundry, adding extra functionality. Meanwhile, 1394 features a self-contained studio suite with a 3-piece bath and access to shared laundry, enhancing its rental potential. Centrally located and within walking distance of schools, transit, restaurants, and shopping, this property offers unparalleled convenience for tenants. A prime, turn-key investment in a high-demand rental area!

Property Features:

  • Bedrooms: 4
  • Bathrooms: 4
  • Annual Tax Amount: $5,639
  • Appliances: F/S/W/D
  • Basement: Finished
  • Built in: 2001
  • Construction Materials: Insulation All, Vinyl Siding
  • Cooling: None
  • Fireplace Features: Gas
  • Floor Space (approx): 2638 Square Feet
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Laundry Features: In House, In Unit
  • Lot Features: Central Location, Corner Lot, Easy Access, Rectangular Lot, Shopping Nearby, Southern Exposure
  • Lot Frontage: 4025 Square Feet
  • Lot Size: 4025.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Open
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Full Duplex
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • View: Mountain(s)
  • Water Source: Municipal
  • Zoning: R5
  • Zoning Description: Duplex
  • Sewer:
  • No. of Parking Spaces: 5

Rooms:

  • Bathroom 2nd Level
  • Bedroom 2nd Level 3.00 m x 2.82 m
  • Other 2nd Level 3.51 m x 3.38 m
  • Bathroom 2nd Level
  • Walk-in Closet 2nd Level 1.30 m x .94 m
  • Bedroom 2nd Level 3.00 m x 2.72 m
  • Other 2nd Level 3.73 m x 3.35 m
  • Walk-in Closet 2nd Level 1.22 m x 1.12 m
  • Dining Main Level 3.61 m x 2.44 m
  • Living Main Level 4.90 m x 3.73 m

Convert Measurement to:


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.

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Location of 1394/1396 Graham Cres, Nanaimo, BC, V9S 2E3

Demographic Information of 1394/1396 Graham Cres, Nanaimo, BC, V9S 2E3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,106.11

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.91 %

High school certificate or equivalent

34.91 %

Apprenticeship trade certificate/diploma

7.97 %

College/non-university certificate

19.93 %

University certificate (below bachelor)

2.08 %

University Degree

20.2 %

Commuter

Travel To Work

By Car

82.87 %

By Public Transit

4.26 %

By Walking

10.63 %

By Bicycle

0.68 %

By Other Methods

1.56 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

62.56 %

Houses

37.44 %

Own Vs. Rent