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.
Features of 546 Wakesiah Ave
| MLS® # | 1010599 |
|---|---|
| Price | $719,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 2,120 |
| Acres | 0.11 |
| Year Built | 1981 |
| Type | Residential |
| Sub-Type | Single Family Detached |
| Status | Active |
Community Information
| Address | 546 Wakesiah Ave |
|---|---|
| Area | Na University District |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9R 3L1 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Roof | Fibreglass Shingle |
|---|---|
| Construction | Frame Wood, Insulation All, Insulation: Ceiling, Insulation: Partial, Insulation: Walls, Stucco |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | August 7th, 2025 |
|---|---|
| Days on Market | 80 |
| Zoning | COR1 |
Listing Details
| Office | Pemberton Holmes Ltd. (Pkvl) |
|---|