Discover an exceptional investment property in Nanaimo’s prestigious Cilaire neighbourhood! This 1969-built ‘BC Box’ home is steps from the ocean and boasts captivating views of Departure Bay from both its interior and expansive sundeck. Positioned on a generous 10,000+ sq ft corner lot, this property offers immediate potential for investors. The home’s main floor kitchen has been tastefully updated, ensuring a modern and functional space for residents or future tenants. The basement kitchen also presents the possibility of creating a separate, income-generating suite, maximizing your rental revenue. Take advantage of the multiple paths to profit this property offers: sell as-is on the market for quick returns, transform the basement into a mortgage helper for additional income, or leverage the dual-suite layout to rent as a lucrative income property. Don’t miss your chance to make this off-market gem part of your investment portfolio.

We are selling our assignable purchase contract.

Closing is Jun 6th, 2024
**No special conditions on the CPS**

• 1-storey with basement
• Split level entry
• 4 bedrooms
  • 2 bedrooms located on the main floor
  • 2 bedrooms located in the basement
• 2 bathrooms
  • 3-piece located on the main floor
  • 3-piece located in the basement
• Built in 1969
• Total interior square footage: 2603 sq ft (as per BC Assessment) 
• Main floor: 1308 sq ft (as per BC Assessment)
  • Features 2 bedrooms, 1 bathroom, kitchen, living room, family room and dining room
• Basement: 1295 sq ft (as per BC Assessment)
  • Features 2 bedrooms, 1 bathroom, rec room, laundry room/mud room and flex room
  • The garage has been split to add a ‘flex room’ that could be used as a 3rd basement bedroom or removed to return the garage to original size
• All appliances will be included
• Kitchen has been updated within the past 10 years and features stone countertops
• 2 gas fireplaces, located on the main floor and in the basement
• Flooring: tile, laminate and carpet
• 200 AMP breaker panel
• Gas furnace is older, age unknown
• HWT is older, age unknown
• Windows are double pane aluminum, age unknown
• Roof shingles were replaced in 2005 (as per Seller)
• Large deck is accessible from the dining room and family room
• Backyard is partially fenced, has a shed, asphalt, grass lawn and crushed rock
• 1-car attached garage, has been split into 2 sections to create a flex room
  • Wall can be removed by buyer and garage returned to original state
• Driveway can fit 6 cars
  • RV parking located along the side of the property
• Vinyl siding
• On municipal water and sewer
• Annual property taxes are $5130.00 per this online calculator: HERE
• Lot size: 10782 sq ft (as per BC Assessment)
• Zoning: R1 (as per THIS zoning map)
  • R1 allows for duplex, secondary suite, boarding and lodging, home based business, short-term rental – HERE