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For Sale

1922 Cedar Rd

1922 Cedar Rd, Nanaimo, BC V9X 1L7

$999,900

Investment opportunity! 2 full up down duplexes located on a level 1.2 acres in Cedar. This property offers great income earning potential and is located within walking distance of Cedar's amenities. All 4 tenants are on a month-to-month tenancy. 1922 is up-down mobile home duplex - 1922A is a 4 bd, 2 ba unit with tenant paying $1878/month + util (seller covers the gas). 1922B is a 3 bd, 2 ba unit that was fully renovated in 2018 where the tenant is paying $1319/month + utilities & gas. 1924 & 1926 are both 2 bd, 1 ba units. 1924 is the lower unit of the original duplex on the property and is a tenant who has been occupying this space for 34 years. Tenant pays $781/month + util. The upper unit in this dwelling is 1926 and this tenant is currently paying $897/month + util. All units have their own laundry facilities & private entrances. The tenants in 1924 & 1926 share the use of the detached carport/wrkshp. New Septic installed Dec 2023 for 1924/1926. Verifiy msmnts & data if important

11
beds

6
baths

4,392 Sq.Ft. LIVING AREA

1.2 Acres lot

Charlie Parker

title Personal Real Estate Corporation
PHONE (250) 751-1223
EMAIL [email protected]
DRE # 221607

Ashley Metcalf

title Personal Real Estate Corporation
PHONE (250) 751-1223
EMAIL [email protected]
DRE # 233813

Features & Amenities

Interior

total bedrooms11
Total bathrooms6
Laundry room In Unit
Flooring Mixed
Fireplace Wood Burning

Area & Lot

Status For Sale
Living Area4,392 Sq.Ft.
Lot Area1.2 Acres
MLS® ID969963
TypeMulti-Family
YEAR BUILT1952
NeighborhoodCedar

Exterior

water SourceMunicipal
utilitiesCompost, Electricity Connected, Garbage, Natural Gas Connected, Recycling
roofFibreglass Shingle
lot featuresEasy Access, Level, Shopping Nearby, Southern Exposure
parkingDriveway
HEAT TYPEElectric, Natural Gas
AIR CONDITIONINGAir Conditioning
sewerSeptic System
SubstructureSlab

Financial

Sales Price$999,900
Real Estate Tax $3,443/yr

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Cedar

Established in the 1920s, Cedar is a lovely rural community just south of Nanaimo.

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Contact Details

Charlie Parker Team

Phone

(250) 751-1223

[email protected]

Address

5140 Metral Dr #1 Nanaimo BC V9T 2K8

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