Real Estate Investment: Suited Detached Home in Nanaimo - 1821 Dean Rd.

About This Property

This is a positive cash flowing property with upper and lower suites. Both suites provide separate laundry, much storage and private entries. The upper suite provides four bedrooms plus a den, two baths and a double garage. There is a spacious living room with a vaulted ceiling, gas fireplace and large windows. There is an adjoining dining room and the nearby kitchen boasts an eating nook with access onto a large balcony for meals al-fresco. The king-sized master bedroom is complete with a walk-in closet and a full ensuite. The lower suite is a legal secondary accommodation also boasting tall windows, an open floor plan, a kitchen pantry and another king-sized bedroom. This suite also provides a spacious den and a 400 Sq Ft storage area. Hurry, this wonderful home located upon a no-through road and within walking distance to schools, parks and bus service is the investment property that you have been searching for.

Upper lease expires January 2020 and the lower lease expires July 2020.

Features: 

  • Year Built: 2000
  • Style: Suited Detached Home
  •  Number Of Suites:  2
  • Floor Space 2,376 SQFT
  • MLS#: 459530
  • Upper: 3 Bedrooms 2 Bath
  • Lower: 2 Bedrooms 1 Bath

Asking Price $534,900

Initial Cash Required: $120,378

Monthly Cash Flow: $129

Annual ROI: 22%

(10 Year Hold)

  


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