$ 1.025.000

1922 Cedar Rd, Nanaimo

74 Photos

Bedroom - 1922 Cedar Rd, Nanaimo, BC V9X1L7 Photo 2

Primary Bedroom - 1922 Cedar Rd, Nanaimo, BC V9X1L7 Photo 3

Laundry room - 1922 Cedar Rd, Nanaimo, BC V9X1L7 Photo 4

Kitchen - 1922 Cedar Rd, Nanaimo, BC V9X1L7 Photo 5

Living room - 1922 Cedar Rd, Nanaimo, BC V9X1L7 Photo 6

Bathroom - 1922 Cedar Rd, Nanaimo, BC V9X1L7 Photo 7

Bedrooms: 11
Bathrooms: 6
Living area: 4392 square feet

MLS®: 950696
Type: Duplex
Added: 114 days ago

Property Details

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 bed, 1 bath 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 and private entrances. The tenants in 1924 & 1926 share the use of the detached carport/workshop. New Septic installed December 2023 for 1924/1926. Data and measurements are approx. and must be verified if import. (id:1945)

Best Mortgage Rates

Property Information

Zoning: Residential
Cooling: Air Conditioned
Heating: Electric, Natural gas
List AOR: Vancouver Island
Year Built: 1952
Living Area: 4392
Lot Features: Level lot, Southern exposure, Other
Photos Count: 74
Lot Size Units: acres
Parcel Number: 004-521-064
Parking Total: 4
Bedrooms Total: 11
Structure Type: Duplex
Common Interest: Freehold
Fireplaces Total: 1
Parking Features: Stall
Tax Annual Amount: 3443
Lot Size Dimensions: 1.2
Number Of Units Total: 4
Above Grade Finished Area: 4392
Above Grade Finished Area Units: square feet

Features

Roof: Fibreglass Shingle
Other: Other Structures: Storage Shed, Workshop, Construction Materials: Insulation All, Direction Faces: West, Laundry Features: In Unit, Parking Features : Driveway, Parking Total : 4
Cooling: Air Conditioning
Heating: Electric, Natural Gas
Lot Features: Driveway, Entry Location: Main Level, Property Access: Road: Paved, Easy Access, Level, Shopping Nearby, Southern Exposure
Extra Features: Window Features: Insulated Windows, Utilities: Compost, Electricity To Lot, Garbage, Natural Gas To Lot, Recycling
Interior Features: Flooring: Mixed, Fireplaces: 1, Fireplace Features: Wood Burning
Sewer/Water Systems: Sewer: Septic System, Water: Municipal

Room Dimensions

Type	Level	Dimensions
Bathroom	Second level	4-Piece
Bedroom	Second level	9'7 x 10'9
Primary Bedroom	Second level	11'3 x 11'4
Laundry room	Second level	7'0 x 7'5
Kitchen	Second level	8'5 x 11'1
Living room	Second level	15'0 x 14'10
Bathroom	Other	4-Piece
Laundry room	Other	7'0 x 7'5
Primary Bedroom	Other	11'3 x 11'4
Bedroom	Other	9'7 x 10'9
Kitchen	Other	8'5 x 11'1
Living room	Other	15'0 x 14'10
Bathroom	Lower level	2-Piece
Bathroom	Lower level	4-Piece
Laundry room	Lower level	5'8 x 7'4
Primary Bedroom	Lower level	8'10 x 11'3
Bedroom	Lower level	11'8 x 8'4
Bedroom	Lower level	9'8 x 9'1
Bedroom	Lower level	11'8 x 7'2
Dining room	Lower level	11'8 x 19'7
Kitchen	Lower level	11'0 x 10'9
Living room	Lower level	11'8 x 19'7
Storage	Main level	4'7 x 3'9
Bathroom	Main level	4-Piece
Bathroom	Main level	2-Piece
Laundry room	Main level	9'7 x 5'9
Bedroom	Main level	9'7 x 12'2
Bedroom	Main level	9'1 x 13'3
Bedroom	Main level	10'10 x 12'0
Kitchen	Main level	11'9 x 17'0
Living room	Main level	23'0 x 12'10

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Nearby Places

Name	Type	Address	Distance
Mahle House Restaurant	Bar	2104 Hemer Rd	0.1 km
Morden Colliery Historic Provincial Park	This small, undeveloped day-use park contains the ...		0.8 km
Morden Colliery Historic Provincial Park	Park	Nanaimo	1.3 km
Hemer Provincial Park	It is located south of Nanaimo....		1.9 km
Hemer Provincial Park	Park	Nanaimo	1.9 km
Nanaimo/Quennell Lake Water Aerodrome	Nanaimo/Quennell Lake Water Aerodrome (TC LID: CBQ...		3.5 km
WildPlay Nanaimo	Park	35 Nanaimo River Rd	4.0 km
Nanaimo River	The Nanaimo River is a river on Vancouver Island, ...		4.7 km
Living Forest Oceanside Campground and RV Park	Campground	6 Maki Rd	4.9 km
Cassidy, British Columbia	Its proximity to Nanaimo means it provides a short...		5.3 km
Chase River, Nanaimo	The post office at this location was named Chase R...		5.4 km
Nanaimo Airport	The Nanaimo-Collishaw Air Terminal is the passenge...		5.6 km

Similar Duplexs Stat in Nanaimo

We have found 5 Duplex that closely match the specifications of the property located at 1922 Cedar Rd with distances ranging from 2 to 9 kilometers away. The prices for these similar properties vary between 826,999 and 941,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Duplex in the V9X1L7 postal code area of Nanaimo British Columbia Canada.

1922 Cedar Rd mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 1922 Cedar Rd. The current price of the property is $1,025,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $820,000. This would result in a monthly mortgage payment of $4,793 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	10
Bachelor's degree	35
University / Below bachelor level	20
Certificate of Qualification	50
College	80
University degree at bachelor level or above	40

Neighbourhood Marital Status Stat

Married	195
Widowed	15
Divorced	15
Separated	5
Never married	105
Living common law	85
Married or living common law	280
Not married and not living common law	145

Neighbourhood Construction Date

1961 to 1980	45
1981 to 1990	25
1991 to 2000	70
2001 to 2005	20
1960 or before	35

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