Nanaimo Quadruplexes
The coastal city of Nanaimo, British Columbia, was incorporated in 1874. With a historic downtown and charming neighbourhoods, this area has seen a lot of growth (both in population and in the economy) over the years. Nanaimo quadruplexes for sale offer rare opportunities for investment in some of the city's most desirable communities, or excellent family homes for first-time buyers with added income potential. Contact the Carly Carey Real Estate Team today to start your quadruplex search, or click to learn more about Nanaimo quadruplexes for sale.
Nanaimo Quadruplex Statistics
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Nanaimo Quadruplex Highlights
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01Quadruplexes are situated in friendly, welcoming neighbourhoods
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02Present an alternative to other multi-family properties and even apartments
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03Easy access to the city's amenities and public transit system
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04Rental income for investors or owners living in one of the units
Nanaimo Real Estate
As Nanaimo is a growing city, there are a wide range of property types and styles for prospective homeowners and investors to choose from. Quadruplexes are not as commonly found on the real estate market, in comparison to duplexes, triplexes, or townhomes, however they do tend to sell quickly when listed. These properties are typically located in the older, more established neighbourhoods of Nanaimo, such as Departure Bay, with construction dates usually between the 1970s and the 1990s. While some quadruplexes for sale have been recently updated, others may require renovations, though these are great opportunities to increase the property's value.
Explore Nanaimo Quadruplexes For Sale
Nanaimo's neighbourhoods, particularly the older ones, generally feature a mix of different property types. This means that single-family homes and multi-family homes are often found on the same street. For families or young couples, a unit in a quadruplex means a location in the same, sought-after neighbourhoods, within close distance of the city's amenities.
For investors, Nanaimo's quadruplexes for sale are an alternative to other multi-family properties. With four units, these homes can generate substantial income, especially recently updated or situated in luxury neighbourhoods. Departure Bay, for example, has hillside residences that overlook the waterfront, meaning that these units can be incredibly desirable to rent.
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Nanaimo Quadruplexes Frequently Asked Questions
Q: Should I invest in a duplex or a quadruplex?
A: There are benefits to both types of properties, however a quadruplex has four units generating income, as opposed to only two for a duplex. To put it simply, a quadruplex offers greater income potential, and might be the better option for buyers searching for rental opportunities.
Q: Are there tax benefits for owning a quadruplex?
A: A quadruplex generally has lower taxes than if an owner had bought four individual residences in the Nanaimo area. For this reason, a quadruplex is certainly appealing to potential buyers.
Q: What's the house flipping tax?
A: The province of British Columbia is introducing a house-flipping tax for homes and properties sold within two years of ownership. The tax is set to be 20% and introduced in January 2025.
