Real Estate Investment:  6-Plex - 522 Hecate Street, Nanaimo

About This Property                               

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.


  • Built in 1981
  • 6,334 SQFT Lot
  • 2,925 SQFT Building
  • 3 x Studio
  • 3 x 1 Bedroom

Asking Price: $739,900

Initial Cash Required: $217,000

Monthly Cash Flow: $879

Target Annual ROI: 24%

Target Profit if sold after 10 Years: $530,000



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