Real Estate Investment:  Multifamily Building - 997 Hecate Street, Nanaimo

About This Property                               

Fantastic investment opportunity. with $7400 monthly gross income and potential for more, this multi family building has 7 Bachelor units on the upper floor and one 4 bedroom and one 2 bedroom suites on the lower floor. the 4 & 2 BR has their own laundry. all units have separate hydro meter and pay their own usage minimizing your cost. Electrical and plumbing was updated 2008. the roof 2010 and siding was done in 2013.


  • Built in 1930
  • 7 x Bachelor
  • 1 x Four Bed
  • 1 x Two Bed
  • 8,582 sqft lot
  • Fully Tenanted

Asking Price: $1,349,900

Initial Cash Required: $380,000

Monthly Cash Flow: $430

Target Annual ROI: 21%

Target Profit if sold after 10 Years: $818,000



We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info