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5524-5526 Lost Lake Rd, Nanaimo

MLS® #1041994
About this Property

Ocean View Duplex in North Nanaimo, those are words you don't see together very often. This well-maintained duplex offers an excellent opportunity for both investors and owner-occupiers. One side is currently occupied by fantastic tenants who would love to stay, the other is the current owner who has just updated their side with fresh paint and flooring upgrades. Each unit features a fully fenced yard with plenty of outdoor space for families, children, and pets. The rented side has been beautifully remodeled in recent years with high-end flooring, heated tile floors throughout, custom-designed bathrooms, and an outstanding kitchen with abundant cabinetry and workspace. The other side is equally inviting, offering a bright white kitchen, spacious bedrooms, attractive flooring, and a large laundry room. If you've been looking for an affordable way to get into the highly desirable North Nanaimo school catchment, this could be the perfect opportunity…live in one side while the rental income from the other helps offset your mortgage. The location is one of this property's greatest features. Set in a sought-after North Nanaimo neighbourhood, you'll enjoy an easy walk to Linley Valley Park, one of Nanaimo's most popular trail systems, perfect for hiking, walking the dog, or enjoying nature. Rutherford Hill Shopping Centre is also within walking distance, offering grocery stores, restaurants, cafés, and everyday conveniences. Several nearby playgrounds, parks, transit routes, excellent schools, and easy ocean access make this an exceptional location for families and tenants alike. From an investment perspective, it's worth comparing the long-term appreciation potential of a large ocean-view lot in North Nanaimo to similar investments in other areas of the city. (id:62865)

Property Information

Status

Active

Year Built

1980

Property Type

Duplex

Ownership

Freehold

Parking Spaces

3

Annual Tax

$5,431

Zoning

Residential

Parcel Number

003-164-306

Data Source

Vancouver Island Real Estate Board

Interior Details

Bedrooms

6

Bathrooms

4

Living Area

2900 square feet

Exterior & Lot

Lot Size

10875.0 sqft

View

Ocean view

Lot Features

Central locationOther
Building & Utilities

Heating

Baseboard heaters, Electric

Cooling

None

$979,900

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
6Beds
4Baths
2900sqft
Listing Courtesy of

Office

REMAX Professionals (NA)

Mortgage Calculator
$195,980

Loan Amount:

$783,920

Estimated Monthly Payment:

$3,820

This is an estimate for informational purposes only. Consult with a financial advisor.