58 Pine St

Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 2 bachelor-style rental units with established long term tenants who'd like to stay. Each unit has separate entrance & 2-piece bath (no kitchens) with shared laundry & shower facilities. Additional space with outdoor access, great for storage, gardening supplies or further development. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest! (id:66839)