$2.1 Million In 4 Plex Value In Nanaimo

Posted by Morgan Carey

| Team Leader

Updated on September 13th, 2025

|

Published in Nanaimo, BC

If you're thinking of investing in Nanaimo Real Estate, who you choose as your Realtor® matters. Having an experienced real estate team that has "done it" and developed proven methods for investing (and re-investing) in real estate over time is critical to long term success and wealth creation. 

Our family investing arm is called Carey Real Estate Holdings, and it is a separate business to our real estate sales business. It is where we invest the profits from our main businesses and re-invest the profits from our real estate portfolio. 

To date we have created a residential and commercial real estate portfolio with an estimated value over $20,000,000 (yes 20+ million dollars). And we've learned a thing or two along the way. 

For our potential investor clients, we'd like to share this case study with you, using real numbers and a real property, so you can understand the value a smart investor (like yourself) can achieve with the right "experienced" guidance. 

How Our 4-Plex Created Over $1.1 Million in Wealth (So far)

One of the best ways to inspire confidence in real estate investing is to show real numbers. Today, I want to share the actual performance of one of our investment properties: 584 Bradley Street, a fourplex we purchased in December 2011.

This is not theory. These are real stats, audited by time, and they tell the story of how powerful buy-and-hold real estate can be.

The Numbers: 13.7 Years in Review

• Purchase Price (with improvements): $486,054
• Purchase Date: December 2011 (164 months ago)
• June 2025 YE Revenue: $69,787
• June 2025 YE Net (after expenses, before taxes): $51,111
• Lifetime Revenue: $695,210
• Estimated Lifetime Net: $525,407

Current Value

Using today’s conservative cap rates of 4–5%, the current value sits between $1,022,220 – $1,277,775, averaging about $1,150,000.

That means we’ve realized a net value gain of $663,946, or about $48,463 per year in appreciation.

The Real Return

When we combine the property’s average annual net income ($51,111) with its average annual value gain ($48,463), this one fourplex has been generating the equivalent of $99,574 per year.

That’s effectively a 20% annual return on the original investment—without even factoring in compounding or tax benefits.

The Big Picture

• Lifetime net income: $525,407
• Net value gain: $663,946
• Total net wealth created: $1,189,353

And that’s after paying back the original purchase price.

Looking Ahead: The Next 10 Years

If performance continues at the same pace, here’s what another decade could look like:

• Additional net income: $511,110
• Additional value gain: $484,630
• Total additional wealth: $995,740

That would bring the property’s total lifetime wealth creation to over $2.1 million by 2035—from a single fourplex.

Why This Matters for You

This case study proves that real estate, when purchased intelligently and held with discipline, can quietly and consistently build wealth.

Imagine if you had purchased not just one, but two, three, or four properties back in 2011. The numbers compound, and so does the wealth.

The takeaway is simple:

• Real estate works.
• Time in the market matters.
• Even “just one” property can change your financial future.

So if you already own investment real estate, consider expanding. The best time to buy was yesterday—the second-best time is today.