Area: British Columbia
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$43,200 ANNUAL RENTAL INCOME + 9,300 SQ. FT. LOT + R8 ZONING! This income-producing property offers investors a compelling combination of current rental revenue and long-term redevelopment potential in Nanaimo’s historic Chinatown neighbourhood. The property currently generates $3,600/month ($43,200/year) in rental income, with month-to-month tenants who wish to stay. The generous 9,300 sq. ft. lot and R8 zoning provide significant long-term potential, making this an attractive holding property for investors looking beyond immediate positive cash flow. The character home features original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern views toward Mt. Benson, a spacious living room, and an oversized primary bedroom. A nicely finished 3-bedroom lower suite, private south-facing deck, and fenced backyard add further appeal. Recent updates include a newer roof, windows, and furnace. Conveniently located close to shopping, schools, and transportation. Strong rental income today. Substantial land value and redevelopment potential for tomorrow. Measurements are approximate; buyer to verify. (id:44056)

Property Details

Full Address:
619 Pine St, Nanaimo, British Columbia
Price:
$ 669,000
MLS Number:
1051042
List Date:
October 1st, 2026
Neighbourhood:
Old City
Lot Size:
9321 sq.ft.
Year Built:
1955
Taxes:
$ 4,753

Interior Features

Bedrooms:
5
Bathrooms:
2
Appliances:
Washer, Refrigerator, Range - Gas, Dryer
Air Conditioning:
None
Heating:
Forced air, Electric, Natural gas

Building Features

Architectural Style:
Westcoast
Zoning:
Residential
Garage:
Open, Street
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 4,753

Floors

Finished Area:
2093 sq.ft.

Land

View:
City view, Mountain view
Lot Size:
9321 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Ian Jivraj Stonehaus Realty Corp.
 604-250-7282
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Listing Agent(s)

Listing: Ian Jivraj
Stonehaus Realty Corp.

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