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Legal suite

$899,000

5667 Carrington Rd

Beds

4

Baths

3

Sqft

Year

1993

About this home

4-bedroom + den home with a legal suite in desirable North Nanaimo. The main level offers a bright, spacious living room with a gas fireplace, a formal dining area, and a functional kitchen with stainless appliances, a breakfast nook, and an adjoining family room featuring a second gas fireplace. A deck off the kitchen provides access to the fully fenced backyard with fruit trees. An additional bedroom above the garage, plus a den and storage room, complete the main portion of the home. The lower level includes a large one-bedroom legal suite with a separate entrance and its own washer and dryer—ideal for extended family or as a mortgage helper. Situated on a generous lot within walking distance to Randerson Ridge Elementary, Dover Bay Secondary, amenities and recreation, this home offers both comfort and convenience in one of Nanaimo’s most sought-after neighbourhoods. (id:65958)

Subtype
Single Family
Lot size
7,933 square feet
MLS#
1027355
Area
NANAIMO
Negative cash flow ~$898/mo at these assumptions

Cash on cash

-5.99%

Cap rate

4.69%

GRM

13.9

Break-even rent

$6,345

Financing

Down payment$179,800
Loan amount$719,200
Mortgage$4,412/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412
Insurance$80
Maintenance$749
CapEx reserve$375
Vacancy loss$270

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 $4,412/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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