Properties for Sale in Mortgage-Helper Nanaimo

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House for sale: 394 Avaani Way, Nanaimo

41 photos

$1,049,900

394 Avaani Way, Nanaimo, British Columbia V9R 4J5

6 beds
4 baths
7 days

Open House: Saturday,March 29th from 2-4. Welcome to 394 Avaani Way, a brand-new six-bedroom, four-bathroom home that includes a fully self-contained two-bedroom legal suite. Thoughtfully designed with high-end finishes, this turn-key property is ready for its first owner. Upon entering, there

House for sale: 5555 Cliffside Rd, Nanaimo

57 photos

$1,158,000

5555 Cliffside Rd, Nanaimo, British Columbia V9T 6R3

5 beds
3 baths
16 days

Located in North Nanaimo with great ocean view of viewing lots of islands, executive hillside home with low maintenance lot, Cliffside park behind the backyard property line and multi - functional outside & inside living spaces. 3 bedrooms up plus one den downstairs is perfect for a family,

House for sale: 2100 Aaron Way, Nanaimo

38 photos

$835,000

2100 Aaron Way, Nanaimo, British Columbia V9S 5R4

5 beds
3 baths
30 days

If you're looking for the perfect family home with a mortgage helper, then this is it! Located in a sought after area of central Nanaimo, this home is situated in one of the best trick-or-treating neighbourhoods... which speaks volumes to how family friendly and safe it is! A few perks include

House for sale: 6593 Pelican Way, Nanaimo

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$1,149,000

6593 Pelican Way, Nanaimo, British Columbia V9V 1P9

5 beds
3 baths
72 days

Welcome to 6593 Pelican Way, a beautifully maintained home located in one of Nanaimo’s most desirable neighborhoods. This spacious 5-bedroom, 3-bathroom property offers over 2,800 sq. ft. of thoughtfully designed living space, making it ideal for families or those seeking a home with

House for sale: 949 Harbour View St, Nanaimo

30 photos

$939,000

949 Harbour View St, Nanaimo, British Columbia V9R 0K5

5 beds
4 baths
50 days

Welcome home to 949 Harbour View Street! This brand new, three storey home offers breathtaking ocean views and is move-in ready. Thoughtfully designed with quality craftsmanship, featuring a roughed-in suite that provides an excellent mortgage helper or additional living space for versatile

House for sale: 486 Mulberry Dr, Nanaimo

44 photos

$779,900

486 Mulberry Dr, Nanaimo, British Columbia V9R 6N8

3 beds
2 baths
21 days

Discover this well-maintained family home with a suite, nestled in a desirable South Nanaimo neighbourhood. This 1,835 sq. ft. one-owner home offers RV parking, alley access and a single-car garage situated on a spacious 0.18-acre fenced lot. The main level showcases beautiful hardwood flooring,

House for sale: 415 Hillcrest Ave, Nanaimo

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$739,900

415 Hillcrest Ave, Nanaimo, British Columbia V9R 3M2

3 beds
2 baths
51 days

Two homes. One lot. Two fenced yards. One amazing opportunity! Presenting a rare investment or multi-generational living property in Nanaimo’s sought-after University District. This listing features a charming 2-bed, 1-bath rancher (1959) and a modern 1-bed, 1-bath carriage home (2015),

House for sale: 91 Twelfth St, Nanaimo

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$709,900

91 Twelfth St, Nanaimo, British Columbia V9R 6R6

6 beds
2 baths
24 days

Welcome to this renovated 6 bedroom home, perfectly designed for investors, large families, multi-generational living, or a mortgage helper. The property features two units with separate entrances, two newly renovated kitchens, two bathrooms, a heat pump for comfort and efficiency, and a sprawling

House for sale: 3513 Hallberg Rd, Nanaimo

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$888,000

3513 Hallberg Rd, Nanaimo, British Columbia V9G 1K1

5 beds
3 baths
9 days

Discover the best of convenient rural living! Situated between Nanaimo & Ladysmith, this Fully Updated 5 Bed, 3 Bath Home has been lovingly brought up to today's design standards, on the sturdiness of great original bones. This two storey family home has been thoroughly updated, and includes

Duplex for sale: 2326 Panorama View Dr, Nanaimo

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$1,199,000

2326 Panorama View Dr, Nanaimo, British Columbia V9R 6T1

9 beds
6 baths
8 days

LOOKING for a house + suite as a mortgage helper? How about 3 mortgage helpers? Live in one unit of this HUGE (5600+ sq ft), well-maintained duplex near Westwood Lake - and have the other suites pay your mortgage! Or use this duplex as an income property! Great A+ long term tenants in place.

House for sale: 237 VICTORIA Rd, Nanaimo

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$795,000

237 Victoria Rd, Nanaimo, British Columbia V9R 4P7

6 beds
4 baths
30 days

Charming Character Home with Carriage House on a Spacious Double Lot Discover a rare opportunity to own a beautifully maintained period home with a separate two-bedroom carriage house in south-central Nanaimo. Situated on a large, fully fenced double lot, this turn-of-the-century gem blends

House for sale: 599 Ravenswood Dr, Nanaimo

62 photos

$1,099,000

599 Ravenswood Dr, Nanaimo, British Columbia V9R 0J6

4 beds
3 baths
60 days

NO GST! Beautiful Custom Rancher w/ private 1 bedroom suite as a mortgage helper. High ceiling spacious entrance is finished with beautiful tiles and wainscoting. The cozy vaulted ceiling living room is equipped w/ electric fireplace and is opened to the gourmet kitchen with modern cabinetry,

House for sale: 3220 Arrowsmith Rd, Nanaimo

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$799,900

3220 Arrowsmith Rd, Nanaimo, British Columbia V9T 5V3

5 beds
3 baths
2 days

Imagine waking up to the peaceful sounds of Cottle Creek while being just minutes away from Nanaimo’s top schools, shopping & restaurants. Whether you’re looking for a place to call home or a smart investment opportunity, this property offers the best of both worlds. The upper main

House for sale: 492 Poets Trail Dr, Nanaimo

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$989,888

492 Poets Trail Dr, Nanaimo, British Columbia V9R 7C5

5 beds
3 baths
24 days

Located in Nanaimo’s sought-after Hawthorne Heights, this bright & spacious two-storey home offers breathtaking mountain views & a well-designed layout that caters to families, multi-generational living, or investors seeking income potential. Built in 2006, the home blends modern convenience

House for sale: 711 Starling Pl, Nanaimo

48 photos

$749,000

711 Starling Pl, Nanaimo, British Columbia V9T 5R4

6 beds
3 baths
22 days

Solid, affordable 6BR/3BA family home offers over 2,400sq.f. of living space including self-contained 3BR suite with separate entrance, great mortgage helper. Home is now fully vacant immediate possession possible. Secluded on a small no traffic street, close to popular Long Lake with public

House for sale: 545 Poets Trail Dr, Nanaimo

35 photos

$928,000

545 Poets Trail Dr, Nanaimo, British Columbia V9R 7C4

6 beds
4 baths
106 days

A rarely found 6-bedroom, 4-bathroom single house with a great layout. The home has been well-maintained and features recent updates including laminate flooring, a dishwasher, two water tanks, and two sets of laundry. The location is fantastic. You can walk to the university and the swimming

House for sale: 217 Machleary St, Nanaimo

29 photos

$619,900

217 Machleary St, Nanaimo, British Columbia V9R 2G7

4 beds
2 baths
25 days

Welcome to this charming 1914 character home in the heart of Nanaimo's sought after Old City Quarter. This 4 bedroom, 2 bathroom property features a spacious main floor with 2 bedrooms and 1 bathroom, perfect for famillies looking for a blend of classic charm and modern convenience. The lower

House for sale: 4117 Ross Rd, Nanaimo

49 photos

$699,900

4117 Ross Rd, Nanaimo, British Columbia V9T 4M9

3 beds
3 baths
15 days

First time buyers and investors alike will all appreciate the many living options available in this main level entry basement walk-out home in beautiful Uplands. Featuring 3 bedrooms plus a den, 3 bathrooms, 2 laundries, and 2 kitchens, the functional layout offers families the ability to

House for sale: 1866 NANAIMO STREET, Vancouver

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$1,700,000

1866 Nanaimo Street, Vancouver, British Columbia V5N 5C2

5 beds
3 baths
3 days

Charming Home with Stunning Views & Investment Potential! Welcome to this beautiful west-facing home, where natural light floods the space, offering warmth and comfort all year round. Featuring 6 spacious bedrooms (including a cozy attic room) and 3 full baths, this home is perfect for families

House for sale: 1988 NANAIMO STREET, Vancouver

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$1,749,900

1988 Nanaimo Street, Vancouver, British Columbia V5N 5C3

6 beds
4 baths
4 days

Discover your perfect home in a prime location! This west-facing home enjoys abundant natural light and charming views year-round, offering a functional & comfortable living space. With radiant heating, hardwood floors & a marble entryway, it´s designed for everyday living. The home

House for sale: 1701 NANAIMO STREET, New Westminster

35 photos

$1,569,000

1701 Nanaimo Street, New Westminster, British Columbia V3M 2G7

3 beds
2 baths
10 days

FANTASTIC CORNER LOT HOME in desirable New West neighborhood! This beautifully maintained home features a living room & 2 generous-sized bedrooms with nice southerly views. Hardwood floors throughout on the main floor. Spacious kitchen with eating area plus direct access to the backyard. Lower

Duplex for sale: 2 2753 NANAIMO STREET, Vancouver

27 photos

$2,024,888

2 2753 Nanaimo Street, Vancouver, British Columbia V5N 5E9

4 beds
4 baths
30 days

*BRAND NEW* 1/2 duplex, situated in the vibrant Grandview Woodland neighborhood. This exquisite home features 1,836 sqft of living space, providing ample storage & comfort for your family. As you step inside, you'll be welcomed by a beautifully designed open layout main floor with Bright Living,

House for sale: 315 Allsbrook Rd, Errington

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$1,230,000

315 Allsbrook Rd, Errington, British Columbia V9P 2A8

5 beds
3 baths
24 days

315 Allsbrook Road - Parksville, B.C. - Equestrian Dream Property with Room to Grow! This stunning 2.5-acre property, located just 7 minutes from Parksville and 25 minutes from Nanaimo, is a rare opportunity to own a modem, equestrian-friendly estate. With its prime location near trails, beaches,

House for sale: 2438 Andover Rd, Nanoose Bay

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$1,349,900

2438 Andover Rd, Nanoose Bay, British Columbia V9P 9G9

5 beds
3 baths
49 days

This stunning 5 bedroom Fairwinds home offers elegance, comfort, and versatility in a prime location. Steps from Brickyard Bay and close to Fairwinds Golf, Schooner Cove Marina, and scenic trails, it blends natural beauty with refined living. Gleaming hardwood floors and quartz counters enhance

House for sale: 4358 VICTORIA DRIVE, Vancouver

3 photos

$1,599,000

4358 Victoria Drive, Vancouver, British Columbia V5N 4N5

4 beds
2 baths
70 days

Opportunity KNOCKS!!! Live in, invest & hold OR BUILD your dream home! Rectangular 118' x 33' lot in the heart of East Van. Main floor with kitchen, living and dining rooms, bathroom & master bedroom. Top floor is a bedroom and a den (currently used as a second bedroom upstairs). FULL HEIGHT

House for sale: 89 Pirates Lane, Protection Island

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$699,900

89 Pirates Lane, Protection Island, British Columbia V9R 6R1

4 beds
3 baths
123 days

Immerse yourself in the enchanting coastal allure of this Protection Island oasis! This spacious 2670 sqft rancher has plenty of room, boasting 4 bedrooms and 3 full bathrooms. The 4th bedroom has it's own wing, and would make a perfect guest suite or mortgage helper*. On a 10,250 sqft corner

Understanding Mortgage Helpers in Nanaimo

In the vibrant city of Nanaimo, the concept of a mortgage helper has gained significant traction among homeowners. This innovative approach allows property owners to generate additional income by renting out a portion of their home, thereby easing the financial burden of mortgage payments. With the rising cost of living and real estate prices, a mortgage helper can be a strategic solution for many.

What is a Mortgage Helper?

A mortgage helper typically refers to a secondary suite or rental unit within a primary residence. This could be a basement apartment, a separate suite, or even a converted garage. The idea is to utilize unused or underutilized space to generate rental income. In cities like Richmond and Burnaby, this concept has been embraced widely, and Nanaimo is no exception.

The Benefits of Having a Mortgage Helper

One of the primary benefits of having a mortgage helper is the financial relief it provides. By renting out a portion of your home, you can significantly reduce your monthly mortgage payments. This additional income can also be used for home improvements, savings, or other financial goals. Moreover, having a mortgage helper can increase the overall value of your property, making it a wise investment for the future.

Legal Considerations and Zoning Regulations

Before converting part of your home into a rental unit, it's crucial to understand the local zoning regulations and legal requirements. In Nanaimo, as in other areas like Langley and Norquay, there are specific guidelines that homeowners must follow. These may include obtaining the necessary permits, ensuring the unit meets safety standards, and adhering to occupancy limits.

Designing a Functional Mortgage Helper

Creating a functional and appealing rental unit is key to attracting tenants. Consider the layout, amenities, and overall aesthetic of the space. A well-designed mortgage helper not only attracts quality tenants but also allows you to charge a competitive rental rate. Whether you're in Cortes Island or Mt. Washington, a thoughtfully designed space can make all the difference.

Marketing Your Mortgage Helper

Once your mortgage helper is ready, the next step is to market it effectively. Utilize online platforms and local listings to reach potential tenants. Highlight the unique features of your rental unit, such as its location, amenities, and any recent renovations. In areas like Oyster River and Cowichan River, showcasing the natural beauty and community amenities can be a strong selling point.

Managing Your Rental Unit

Effective management of your rental unit is crucial to maintaining a positive relationship with your tenants and ensuring a steady income stream. This includes regular maintenance, clear communication, and addressing any issues promptly. Whether you're renting out a one-bedroom suite in Esquimalt or a larger unit in Nanaimo, being a responsible landlord is key to success.

Challenges and Considerations

While a mortgage helper can provide significant benefits, it's important to be aware of potential challenges. These may include finding reliable tenants, handling maintenance issues, and navigating legal requirements. Additionally, consider the impact on your privacy and lifestyle, as having tenants in close proximity can change the dynamics of your home environment.