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Investment signal

$775,000

310 Mount Benson St

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Beds

Baths

Sqft

—

Year

1945

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This versatile property presents an excellent opportunity for homeowners, investors, or developers alike. Updated throughout the main level with a modern kitchen & bathrooms, this home offers 2 bedrooms and 2 bathrooms, along with a bright and open feel across more than 1,000 sq ft on the main level. The unfinished basement provides a blank canvas, ready for you to complete to suit your needs, with excellent potential to create an additional suite. Situated on a level, fully fenced 7,128 sq ft lot, the property is zoned R8, making it an ideal holding property with strong upside for future multi-family development. Located in a convenient location close to the seawall, downtown, parks, schools, transit, and a wide range of amenities—including convenient access to the Hullo ferry and seaplane terminals—this property also enjoys ocean and city views, making it an exceptional offering. All measurements are approximate and data should be verified if important. (id:65958)

Subtype: Single Family
Structure: House
Community: Central Nanaimo
Common interest: Freehold
Living area: 1,038 square feet
Lot size: 7,128 square feet
Lot dimensions: 7128
Parking: 2 total
On market: Apr 9, 2026
Status changed: Apr 16, 2026
Annual tax: $3,565
Zoning: Residential
Photos: 59
MLS#: 1031627
Area: NANAIMO

Features and systems

Parking

Stall

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Electric

Cooling

None

Lot

Central locationLevel lotOtherRectangularMarine Oriented

View

City viewOcean view

Negative cash flow ~$864/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.69%

Cap rate

3.53%

GRM

16.7

Break-even rent

$4,785

Financing

Down payment$155,000

Loan amount$620,000

Mortgage$3,141/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$355

Insurance$80

Maintenance$646

CapEx reserve$323

Vacancy loss$194

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $3,141/mo at 4.5% with 20% down, 30-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.