1575 Townsite Rd

Investment Opportunity in Central Nanaimo. Priced below assessed value!! Discover this versatile legal duplex with a bonus unauthorized suite, ideally situated in a sought-after rental hub near Vancouver Island University, Nanaimo Regional General Hospital, public transit, and major shopping centers. This income-generating property offers three separate suites: Two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath suite. Enjoy stunning views of Mt. Benson, two separate hydro meters, a covered carport with parking for two vehicles, and a spacious 11,000 sq.ft. lot. Whether you're looking to live in one unit while renting out the others, or fully lease all three, this property is well-positioned to capitalize on Nanaimo’s low vacancy rates and strong rental demand. Currently tenanted, it's a turnkey opportunity to start or expand your real estate portfolio.