-
Bedrooms: 8
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Bathrooms: 4
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Living area: 3720 square feet
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MLS®: 953219
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Type: Duplex
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Added: 76 days ago
Property Details
Great opportunity for investors, or those looking for a family home with mortgage helpers! This full duplex sits on a large R14 (Old City Low Density-Fourplex) lot and offers three units with a total of 8 bedrooms and 4 bathrooms. Unit A is a 2 bedroom, 1 bathroom unit tenanted to great long term tenants. Unit B is a 4 bedroom, 2 bathroom vacant unit that features a flex room in the basement with fridge and sink which would be perfect for a teenage hangout or hosting a student or local athlete! Unit C is also vacant and features a nicely updated 2 bedroom, 1 bathroom unit. All of this sits near the end of a quiet dead end street on an oversized lot with huge fenced back yard. Each unit has separate access, parking, in unit laundry and the two vacant units have been freshly updated and are ready for new tenants. At current rates and market rents, this property makes sense for a positive cashflow investment from day one and the zoning/lot size lend to great future development potential. (id:1945)
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Property Information
- Zoning: Multi-Family
- Cooling: None
- Heating: Baseboard heaters, Electric
- Year Built: 1975
- Living Area: 3720
- Photos Count: 35
- Lot Size Units: square feet
- Parcel Number: 008-799-237
- Parking Total: 4
- Bedrooms Total: 8
- Structure Type: Duplex
- Common Interest: Freehold
- Parking Features: Stall
- Tax Annual Amount: 3513
- Lot Size Dimensions: 8712
- Zoning Description: R14
- Number Of Units Total: 3
- Above Grade Finished Area: 3720
- Above Grade Finished Area Units: square feet
Features
- Roof: Asphalt Torch On
- Other: Construction Materials: Frame Wood, Direction Faces: Northeast, Laundry Features: In Unit, Parking Features : Driveway, Parking Total : 4
- Heating: Baseboard, Electric
- Lot Features: Driveway, Entry Location: Main Level
- Sewer/Water Systems: Sewer: Sewer Connected, Water: Municipal
Room Dimensions
Type |
Level |
Dimensions |
Bathroom |
Lower level |
4-Piece |
Bedroom |
Lower level |
10'9 x 12'10 |
Bedroom |
Lower level |
10'9 x 12'10 |
Living room |
Lower level |
11'11 x 13'2 |
Dining room |
Lower level |
9'9 x 9'9 |
Kitchen |
Lower level |
8'7 x 9'9 |
Laundry room |
Lower level |
4'9 x 7'3 |
Entrance |
Lower level |
4'2 x 6'9 |
Bedroom |
Lower level |
10'9 x 12'10 |
Bedroom |
Lower level |
10'9 x 12'10 |
Bathroom |
Lower level |
4-Piece |
Family room |
Lower level |
9'9 x 18'9 |
Laundry room |
Lower level |
11'11 x 18'9 |
Bedroom |
Main level |
10'8 x 10'8 |
Bedroom |
Main level |
10'8 x 11'3 |
Bathroom |
Main level |
4-Piece |
Living room |
Main level |
11'11 x 19'9 |
Kitchen |
Main level |
10'1 x 13'9 |
Entrance |
Main level |
5'2 x 10'1 |
Bathroom |
Main level |
4-Piece |
Bedroom |
Main level |
10'8 x 10'8 |
Bedroom |
Main level |
10'8 x 11'3 |
Laundry room |
Main level |
6'7 x 7'0 |
Kitchen |
Main level |
8'0 x 9'11 |
Dining room |
Main level |
6'8 x 9'11 |
Living room |
Main level |
12'1 x 18'9 |
Entrance |
Main level |
3'8 x 7'7 |
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Similar Duplexs Stat in Nanaimo
We have found 6 Duplex that closely match the specifications of the property located at 647 Farquhar St with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 560,000 and 1,025,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Duplex in the V9R2E4 postal code area of Nanaimo British Columbia Canada.
647 Farquhar St mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 647 Farquhar St. The current price of the property is $899,900, 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 $719,920. This would result in a monthly mortgage payment of $4,208 over a 25-year amortization period.
Demographic Information
Neighbourhood Education
Bachelor's degree
|
40
|
University / Below bachelor level
|
10
|
Certificate of Qualification
|
30
|
College
|
35
|
University degree at bachelor level or above
|
55
|
Neighbourhood Marital Status Stat
Married
|
115
|
Widowed
|
30
|
Divorced
|
65
|
Separated
|
25
|
Never married
|
190
|
Living common law
|
70
|
Married or living common law
|
180
|
Not married and not living common law
|
310
|
Neighbourhood Construction Date
1961 to 1980
|
60
|
1981 to 1990
|
15
|
1991 to 2000
|
25
|
2006 to 2010
|
15
|
1960 or before
|
125
|