546 Wakesiah Ave

2,120 ft²

6
Beds

3
Baths

Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential. (id:45055)

• Property Details

  MLS® Number	1023285
  Property Type	Single Family
  Neigbourhood	University District
  ParkingSpaceTotal	4

• Building

  BathroomTotal	3
  BedroomsTotal	6
  ConstructedDate	1981
  CoolingType	None
  HeatingType	Baseboard Heaters
  SizeInterior	2,120 Ft2
  TotalFinishedArea	2120 Sqft
  Type	House

  Carport

• Land

  Acreage	No
  SizeIrregular	4830
  SizeTotal	4830 Sqft
  SizeTotalText	4830 Sqft
  ZoningDescription	Cor1
  ZoningType	Residential

• Rooms

  Level	Type	Length	Width	Dimensions
  Lower Level	Bathroom			4-Piece
  Lower Level	Bedroom			9'7 x 10'2
  Lower Level	Bedroom			9'8 x 12'10
  Lower Level	Bedroom			9'8 x 11'10
  Lower Level	Living Room			11'9 x 15'4
  Lower Level	Kitchen			11'6 x 15'4
  Main Level	Ensuite			2-Piece
  Main Level	Bathroom			4-Piece
  Main Level	Bedroom			9'0 x 10'7
  Main Level	Bedroom			10'5 x 11'5
  Main Level	Bedroom			9'0 x 11'9
  Main Level	Dining Room			10'5 x 7'1
  Main Level	Kitchen			10'5 x 8'8
  Main Level	Living Room			12'7 x 17'11

• Utilities