favorite this post $799000 / 5br - 5 mins from Vancouver Island University, backs onto Morrell Sanctuary (Nanaimo) hide this posting unhide


5BR / 3Ba

laundry on site
no smoking
off-street parking
wheelchair accessible

Investor Alert: Vancouver Island University property backs onto Morrell Sanctuary!!!

Property backs onto 300 acres of wildlife sanctuary w/trails, which backs onto Westwood Lake and Mt. Benson Regional Park. Very private property. Great mountain views. Located 5 mins from Vancouver Island University. 

Homes only on one side of street, backs onto protected sanctuary Nature Trust that will never be developed.

Residence operates as a Student/Faculty rental income business since 2006
Highly sought after location due to close proximity to Vancouver Island University, rarely do residences on this street come onto the market.
VIU (International): Largely students from China, Germany, Japan, India and BC.

Vancouver Island Univeristy 5 min walk/drive
Residence Operates as a Rental Accommodation for Students/Faculty of VIU since 2006 4 bedrooms fully furnished, student/faculty lounge/kitchen
Income $2590.00 monthly: $595.00, 2 @ $650.00, 1 @ 695.00 inclusive responsible for their own food.
Owner/Operator has separate own living area: Living room, kitchen, dining, master bed/ ensuite, deck
If choose to rent that out also total rent will be 4000.00 monthly

Investor can retain students/faculty booked if they want to continue the business, or seller will give 1 month notice for students here and buyer can start their own ad/selection, as thousands of students arrive for the start of MBA, Nursing, Power Engineer, Bachelors of Business, Culinary, Sports & Recreation, Child and Youth Care, Arts & Music.

Selling with setup of furnished rooms for turn key operations. It will be a quick sale due to location and time of year.

Residence has many other options:
can be made into 2 suites both floors have own entrance
or can be one large single family home with no rentals and 5 bed, 3 full baths, 2 kitchens, family room,
living room
Rated as COMPLETE RENOVATION by City of Nanaimo in 2005 , 30 pages on file with City of Nanaimo and available by owner of all permits and reno.

Construction Frame
Exterior Vinyl
flooring mix: Laminated European light maple Main Floor
lino in upstairs bath
Saxony carpet in Master Bed, lino in ensuite bath
Italian 2'x 2 tile in downstairs bathroom
3 full bathrooms
Heat: Electric Baseboard
2 woodburning fireplaces
1 wood burning stove wett certified and installed for alternative heat if loss of power
Water Municipal
Sewer Connected

Gorgeous River rock Wood burning floor to ceiling fireplace 
House wired and battery backup of smoke and CO2 detectors and security.

Student/Faculty Accommodation:
Upstairs has 1 shared full bathroom for 2 bedrooms
Downstairs has 1 shared bathroom for 2 bedrooms
downstairs has Student/faculty lounge and kitchen
Owner Operator has own living room with river rock fireplace, balcony and deck up, kitchen, dining room, back entrance, private back yard with 20x40 deck to sanctuary, master bed & ensuite, would consider staying on as manager if new owner wants to rent out the master also

Entrance Student/Faculty Lounge or family room 12x19 with 4 large 5x 4 run of windows, Anderson vanishing screen door
Student/faculty kitchen 10x 19
Bedroom 12 x12 large double closet
Bedroom 22x 11 with french doors or return to original Garage 
3 piece bathroom 12x 10 and laundry room


Kitchen 9x12'6 with Garden window, under cabinet lighting
Light Maple wooden cabinets
Living room 10'6x19 river rock fireplace floor to ceiling
4 large 5x 4 run of windows
Balcony front Aluminum & Glass rail maximize view 19x6 Cantilever 
Anderson vanishing screen door
Dining room 9x 13 with french doors
Pressure treated wood Deck off of dining room/kitchen 20x40 to private backyard backing onto sanctuary of Douglas Fir and Cedar

Master BR 11'6 x 12 Large walk through closet
Ensuite 4Pc jetted tub one piece marble sink maple vanity
Bed 9x12
Bed 8x 11'6
4pc bathroom, shower tub combo one piece marble sink/ with maple vanity 

All windows & french doors with 2in Blinds 
New hot water tank 2014 installed and warranty with required permits by licensed and well known Super Plumber

Smoke and C02 detector, hard wired 
Wiring 200 AMP

4 mature 15 feet Palm Trees and 3 pink rododendrens, lavender, daisies, hollyhocks, crosimia in front gives the home a tropical appeal

Quiet dead-end street for children, dogwalkers, and 5 min walking path to Vancouver Island University

Rare opportunity area is highly sought after because of Vancouver Island University and backing on to thousands of acres of protected public lands....

Location, Location, Location:

Vancouver Island University 5 mins walk

NDSS High School 10 min walk away

5 min drive to Brand New HUGE Quality Foods amazing new flagship store with 2 levels, bistro/winebeer, cafes, etc...amazing place

10 min walk to University Village for groceries, cafe, Shoppers, Pizza, Sushi, Mexican food.
Plus development underway across the street for Royal Bank, Tim Hortons, etc.

10 min walk, 5 min drive to:
Nanaimo Aquatic Centre with Diving, lanes, wave, Tubes, dry/wet saunas, hot tubs
Nanaimo Artificial Sports Field
Football, Soccer, baseball, track fields.

tennis courts 

5 min walk to Morrell Sanctuary entrance of over 300 acres wild life sanctuary protected of well kept walking trails of lakes, forests, directly to Westwood Lake/beaches or 10 min drive to Westwood lake, only electric motors, kayak rentals, walking/running trails around the entire lake etc 106 Hectares

Close to entrance to Mt Benson Regional Park 520 acres protected 

Nanaimo Ice Centre

5 mins to Colliery Dams/parks beautiful swimming, walking trails

8 min drive to downtown Nanaimo,

8 mins drive to Maffeo Park and year round events, Harbour walkway, marinas
8 mins to Port Theatre home of Vancouver Island Symphony

10 min drive to Departure Bay Ferry
15 min drive to Nanaimo Airport
15 min drive to Duke point ferry
10 min drive to Westwood lake
30 min drive to spectacular Parksville Beach and famous Sand Castle Championships and beautiful untouched Rathtrevor Beach 
40 min drive to Qualicum Beach and the charming town of Qualicum

1.5 hour to Mount Washington winter & summer destination for skiing, biking, hiking which a bus operates daily to and back etc

1. 5 hour drive to Victoria
8 min drive to Harbour Air Float Planes and 20 min flight to Vancouver Harbour to Harbour
10 min drive to Nanaimo Regional Hospital

Close to all level of schools: elementary, High School, University


I bought it fast because I knew it was an amazing investment, and now after 12 years, I am putting it on the market and moving onto my next adventure. You'll see immediately what a brilliant investment this has been for me and can be for YOU now too!OU now too!
  • do NOT contact me with unsolicited services or offers

post id: 6715804018



best of [?]