CASH FLOW POSITIVE DEAL IN NANAIMO​

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​The Strategy: This 8 Plex has 8 separate high end bachelor units with a high quality tenant profile. Fully rented at the moment. 8 kitchens, 8 Bathrooms. The strategy is to buy, and hold long term in Canada's 5th fastest growing city​​. 

Almost NEW 8 plex with great warranty remaining! Located on Kennedy street, which is in the heart of Old City, Nanaimo, BC this beautifully constructed building has a whole lot of Modern while maintaining the heritage building scheme and character. Each unit is fully self contained and private. The upper units have large decks to enjoy while the lower units still have their private outdoor patios and storage. There is a nice large parking lot that is shared in the back of the building or plenty of street parking for guests. The current rents are all at or above market rent with excellent residents occupying the suites. The landscaping is beautifully thought out and very easy to maintain. Gross monthly rental income is $11,294.00. 

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✓ Total Investment Required to Close = $648,000 between all investors

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✓ Investment Hold Length = 8 Years