About 395 Chesterlea Ave
This exceptional opportunity features a main house with two self-contained 2-bedroom suites; one on the main level and one on the lower level. Both are rented to excellent tenants and generating steady income. At the rear, the laneway house is already built with a living room, dining area, TV space, full kitchen, and bathroom on the main floor. The upper floor is fully approved for a custom-designed 3-bedroom suite. All permits and plans are in place, ready for you to complete to your taste. Projected rental income for the laneway is $2,700–$3,100 per month, in addition to the solid rental income from the two suites in the main home. ?? The laneway home is available for viewing now, while the tenanted suites in the main house can be shown with serious inquiries only. An absolute gem for investors seeking cash flow, growth potential, and flexibility in a prime location! All data and measurements are approximate and must be verified if fundamental.
Features of 395 Chesterlea Ave
| MLS® # | 1013684 |
|---|---|
| Price | $899,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 1,918 |
| Acres | 0.14 |
| Year Built | 1970 |
| Type | Residential |
| Sub-Type | Single Family Detached |
| Status | Active |
Community Information
| Address | 395 Chesterlea Ave |
|---|---|
| Area | Na University District |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9R 4B2 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Detached, Driveway, Garage Double, On Street |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Wine Storage, Workshop |
|---|---|
| Appliances | F/S/W/D |
| Heating | Forced Air, Oil |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Family Room, Living Room, Wood Burning |
Exterior
| Exterior Features | Balcony/Patio, Garden |
|---|---|
| Roof | Asphalt Shingle |
| Construction | Brick, Frame Wood, Stucco, Wood |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | September 11th, 2025 |
|---|---|
| Days on Market | 33 |
| Zoning | R1 |
Listing Details
| Office | Sutton Group-West Coast Realty (Nan) |
|---|