546 Wakesiah Ave, Nanaimo, BC

$749,000

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6

Beds

3

Baths

2,120

Square feet

0.11

Acres

About 546 Wakesiah Ave

Turn-Key Investment Property Near VIU – Strong ROI & Market Rent in Place. Opportunity knocks with this fully tenanted 6-bedroom, 3-bathroom investment property, just steps from Vancouver Island University. The COR1 zoning allows for mixed use commercial/residential or up to 6 story multi-family making this a great holding property with cashflow today and development potential in the future. Spanning 2,120 sqft over two self-contained levels with three bedrooms per floor, offering excellent rental flexibility and consistent cashflow. Both suites are currently occupied by long-term tenants paying market rent, contributing to a solid cap rate and low vacancy risk. This income-generating property is perfectly suited for investors seeking a high return on investment in a high-demand rental area with development potential.

Residential home for sale in Nanaimo, BC at 546 Wakesiah Ave. This 6 bedroom Residential home is priced at $353/sqft

Features of 546 Wakesiah Ave

MLS® # 1010599
Price $749,000
Bedrooms 6
Bathrooms 3.00
Square Footage 2,120
Acres 0.11
Year Built 1981
Type Residential
Sub-Type Single Family Detached
Status Active
Pet Friendly Aquariums, Birds, Caged Mammals, Cats, Dogs

Community Information: Nanaimo

Address 546 Wakesiah Ave
Area Na University District
Subdivision Na University District
City Nanaimo
County Nanaimo, City of
Province BC
Postal Code V9R 3L1

Amenities of 546 Wakesiah Ave

Parking Spaces 4
Parking Carport
Is Waterfront No
Has Pool No

Interior of 546 Wakesiah Ave

Heating Baseboard
Cooling None
Fireplace No

Exterior of 546 Wakesiah Ave

Roof Fibreglass Shingle
Construction Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Partial, Insulation: Walls, Stucco
Foundation Poured Concrete

Additional Information On 546 Wakesiah Ave

Date Listed August 7th, 2025
Days on Market 66
Zoning COR1

Listing Details of 546 Wakesiah Ave

OfficePemberton Holmes Ltd. (Pkvl)

Map To 546 Wakesiah Ave, Nanaimo

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