795/797/799 Dogwood Rd

Triplex For Sale in Na South Nanaimo, Nanaimo

$995,000
  • 5 Beds
  • 4 Baths
  • 2,928 Sq. Ft.
  • Built 1974
This is an exceptional 3-unit investment property currently listed at it’s assessed value. A vacant full-sized rancher and a SxS duplex currently rented at market rates, together with a 474sf detached shop with both plumbing and electrical for additional income possibilities. The rancher is 1146sf with 3 bedrooms, lots of parking, and invites you to owner occupy so you benefit from the duplex income; or rent it at local market rates ($2300-$2400/m; $5600-$5700 total income) for a 3 unit full investment property. The rancher also features a large living room, dining room, and kitchen, with a large front deck and distant ocean and city views, main bathroom plus laundry room. The east side of the duplex is a 1 bedroom and den, laundry, kitchen, dining and living room areas. It was recently updated with paint, flooring, and cabinetry; it boasts a front deck with views. The west side of the duplex has one-bedroom, front deck and ocean views. A proforma shows net of operating costs approx. approx. 5.7% ROI. The 474sf detached shop is bonus space and is nestled behind the rancher. Abundant parking on this 18,000 sf lot. The property backs onto Morrell Nature Sanctuary for privacy and peacefulness, with its myriad trails and connection by trail to Westwood Lake. You are a 10 minute walk to Vancouver Island University, an excellent source for renters, and Colliery Dam Park. All measurements are approximate and should be verified if important.
Address 795/797/799 Dogwood Rd
List Price $995,000
Property Type Residential
Type of Dwelling Triplex
Area Nanaimo
Sub-Area Na South Nanaimo
Bedrooms 5
Bathrooms 4
Floor Area 2,928 Sq. Ft.
Lot Size 18000 Sq. Ft.
Lot Size Acres 0.41 Ac.
Year Built 1974
MLS® Number 977479
Listing Brokerage RE/MAX of Nanaimo
Basement Area Crawl Space, None
Postal Code V9R 3C2
Tax Amount $5,696
Tax Year 2023
Features Baseboard, Electric
Amenities Recreation Nearby, In Wooded Area

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Brian Coombe

RE/MAX of Nanaimo

1-5140 Metral Drive Nanaimo BC V9T 2K8

Office: 604-626-7766

brian@briancoombe.com