997 Hecate Street

NAI Commercial is pleased to present this exceptional investment opportunity in the thriving city of Nanaimo. This well-maintained 9-plex is strategically located in a high-demand rental market, offering a blend of modern updates and financial incentives to attract discerning investors. With a strong income stream and a 4.8% capitalization rate (cap rate), this property is an ideal addition to any investment portfolio. This is a rare chance to acquire a fully updated multi-family property in one of Vancouver Island’s most dynamic cities. Contact us today to schedule a viewing or for more information! • Fully Updated Units: All units have been renovated to meet contemporary standards, enhancing tenant satisfaction and rental income potential. • New Roof: Recently replaced, ensuring long-term durability and reduced maintenance costs. • New Laundry Room: Convenient and efficient laundry facilities to serve tenants’ needs. • New Windows and Heat Pumps: Recently installed energy-efficient windows and heat pumps for enhanced aesthetics, comfort, and cost savings. • New Landscaping: Beautifully updated exterior landscaping to improve curb appeal and tenant enjoyment. • Updated Electrical and Plumbing: Modernized systems for improved safety, reliability, and long-term value. • Assumable CMHC Loan: Take advantage of a favorable financing structure with the ability to assume the existing CMHC-insured mortgage. • Vendor Take-Back (VTB) Available: Flexible financing options to support your investment goals.