Area: British Columbia
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Renovated 5-Plex + Separate Legal Lot in Prime Old City Nanaimo. Rare opportunity to own a renovated 5-plex with a separately titled legal lot in Nanaimo’s sought-after Old City Area. Extensively updated since 2006, this income-producing property blends historic character with modern upgrades, making it a true turnkey investment. The building features five self-contained units, each with separate meters, laundry and hot water tanks, upgraded electrical, and strong rental appeal. Investors will appreciate the multiple income streams and long-term stability in this prime central location. The additional legal lot (prelim building plans available), zoned R14, offers exceptional flexibility-hold for future development, expand, or explore creative redevelopment options. Properties offering this level of income, condition, and upside potential rarely come to market. An outstanding opportunity to secure a high-performing asset with future growth potential. (id:44056)

Property Details

Full Address:
604 Kennedy St, Nanaimo, British Columbia
Price:
$ 1,730,000
MLS Number:
1025617
List Date:
February 10th, 2026
Neighbourhood:
Old City
Lot Size:
9405 sq.ft.
Year Built:
1948
Taxes:
$ 8,308

Interior Features

Bedrooms:
10
Bathrooms:
5
Air Conditioning:
None
Heating:
Baseboard heaters
Fireplaces:
2

Building Features

Architectural Style:
Character
Zoning:
Multi-Family
Garage Spaces:
4
Ownership Type:
Freehold
Taxes:
$ 8,308

Floors

Finished Area:
5061 sq.ft.

Land

View:
Mountain view
Lot Size:
9405 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Phillip Gonyer 460 Realty Inc. (NA)
 
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Listing Agent(s)

Listing: Phillip Gonyer
460 Realty Inc. (NA)

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