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522 Hecate St
Na Old City V9R 4K2

$739,900
Residential beds: 3 baths: 7.0 2,466 sq. ft. built: 1891

Main Photo: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 1: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 2: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 3: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 4: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 5: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 6: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
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Photo 56: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 57: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 58: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 59: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 60: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 61: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 62: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Photo 63: 522 Hecate St in : Na Old City Other for sale (Nanaimo)  : MLS®# 862468
Status:
Active
Prop. Type:
Residential
MLS® Num:
862468
Bedrooms:
3
Bathrooms:
7
Year Built:
1891
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, two 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 one more studio 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 in each unit. 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 then units. The rental potential in this building is $5300 with all units occupied. If you’re looking for an amazing investment, look no further. All measurements are approximate & should be verified if important.
Property Type:
Residential
Type:
Other
Year built:
1891 (Age: 130)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
2,466 sq. ft.
Listing General Location:
Na Old City, Nanaimo
Bedrooms:
3
Bathrooms:
7.0 (Full:-/Half:-)
Lot Size:
0.15 acre(s)
Kitchens:
3
Home Style:
Heritage
Taxes:
Construction:
Stucco
New Construction:
No
Basement:
Not Full Height, Unfinished
Foundation:
Concrete Perimeter, Stone
Electricity:
Yes
Roof:
Fibreglass Shingle
Other Structures:
Storage Shed, Workshop
Ceiling Heights:
Floor finish:
Laminate
Total Building Area:
2,925 sq. ft.
Total Unfinished Area:
459 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
3
# Main Level Bedrooms:
1
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
5
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
2
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Main Floor:
1,448 sq. ft.
Living Area 2nd Floor:
1,018 sq. ft.
Fireplaces:
0
Laundry Features:
None
Water supply:
Municipal
Additional Accommodations:
Exists
Cooling:
None
Heating:
Hot Water, Natural Gas
Fireplace:
No
Warranty:
No
Pending Date:
Oven/Range Gas
Vinyl Frames
Fencing: Full, Low Maintenance Yard
Mountain(s), Ocean
Main Level
0
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK, Yes
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Other
Other
Other
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Accessibility:
Accessible Entrance
Units in Building:
Units in Community:
Number of 2 piece baths:
1
Number of 3 piece baths:
4
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Resale
Utilities:
Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Connected, Phone Connected, Recycling
Exposure / Faces:
See Remarks
Layout:
Other
Lot Site Features:
Landscaped, Level, Recreation Nearby, Shopping Nearby, Sidewalk
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Additional Parking, Driveway, On Street
Total Parking Spaces:
6
Road Surface Type:
Paved
Total Units:
Date Listed:
Jan 08, 2021
Original Price:
739900.0
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Additional Photos

Virtual Tour

Listed by 460 Realty Inc.
Data was last updated January 23, 2021 at 04:05 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$494,000
Min list price:
$169,900
Max list price:
$2,000,000
Avg days on market:
77
Min days on market:
5
Max days on market:
589
Avg price per sq.ft.:
$431.66
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
NICK BROWN

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