2 days on Market

585 MARISA STREET, Nanaimo, British Columbia V9R0H5

Detached
3 + 2
3
~2556 sqft
$875,000
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Detached
3 + 2
3
~2556 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$342/sqft

Est. Mortgage$3,758/mo

Tax Amount ()$5,209/yr

Days On Market2 days


Description

Investor-ready with income already in place, this well-designed home in South Nanaimo features a legal 2-bedroom suite and a tenant already occupying the upper level. Built in 2016, the property offers 5 bedrooms and 3 bathrooms split between two fully self-contained living spaces, each with its own hydro meter, hot water tank, and laundry. This is a turnkey opportunity for investors looking for solid rental income in a high-demand area. The main level offers 3 bedrooms and 2 bathrooms, including a primary suite with walk-in closet and double walk-in shower. An open-concept layout connects the kitchen, dining, and living areas, highlighted by a corner gas fireplace and access to a covered sundeck. The kitchen includes a pantry and built-in desk, features that appeal to tenants seeking function and comfort. The legal 2-bedroom suite on the lower level has a separate entrance, its own laundry, and durable laminate flooring throughout. With separate utilities and private living spaces, the layout supports tenant independence and simplifies property management. Additional features include a double garage with interior access, easy-care landscaping, and a location that’s walking distance to VIU, schools, shopping, parks, and transit. Whether you're expanding your rental portfolio or entering the market for the first time, this income-generating property offers excellent value with future growth potential. All measurements are approximate and should be verified if important. (id:39198)


Property Details

StyleHouse
View-
Age of property2016
SqFt~2556 SqFt
Lot Size-
Parking Spaces2
MLS ®Number997221
Community NameFive Acres
Data SourceCREA
Listing byRoyal LePage Nanaimo Realty (NanIsHwyN)

Features

Heating: Baseboard heaters, Electric

Lower level Floor

Kitchen

11'6 x 7'11

Bathroom

Bedroom

Bedroom

11'5 x 10'2


Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

May 1, 2025
ListedActive
$875,000
2 days on market
history photo preview32
Listing by crea®
Property listed by Royal LePage Nanaimo Realty (NanIsHwyN), Brokerage
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Population and Demographics

Overview

Total population 8207
Average household income $93,446

Age (%)

20 to 34
23%
0 to 19
22%
35 to 49
20%
50 to 64
18%
65 and plus
16%

Household composition (%)

Single family
58%
Single person
32%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
90%
Others
3%
Punjabi (Panjabi)
2%
Arabic
1%
French
1%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Owners
63%
Renters
37%

Schools and amenities

Estimated Budget

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