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Investment signal

$560,000

834 Holly Hill Rd

Beds

3

Baths

2

Sqft

Year

1976

About this home

Discover this 3 bedroom, 2 bathroom half duplex in the heart of South Nanaimo. This affordable home is an ideal entry point for first-time buyers or a high-potential investment property in a neighbourhood known for revitalization and proximity to Vancouver Island University. This strata fee free home features a functional Main Level featuring a spacious living area, dining room, and kitchen. Convenient access from the main floor leads to a private rear patio and yard space, perfect for outdoor relaxation or entertaining. The upper level offers three generous bedrooms, including a large primary suite with a balcony. Whether you are looking for your new home or a reliable rental, this property offers exceptional flexibility. South Nanaimo continues to be a ''deal zone'' for strategic buyers, blending historic charm with modern convenience. All measurements and data are approximate and should be verified by the purchaser if deemed important. (id:65958)

Subtype
Single Family
Lot size
3,745 square feet
MLS#
1025591
Area
NANAIMO
Negative cash flow ~$1,125/mo at these assumptions

Cash on cash

-12.05%

Cap rate

3.48%

GRM

16.7

Break-even rent

$3,984

Financing

Down payment$112,000
Loan amount$448,000
Mortgage$2,748/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$257
Insurance$80
Maintenance$467
CapEx reserve$233
Vacancy loss$140

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,748/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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