Area: British Columbia
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This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental. (id:44056)

Property Details

Full Address:
639 Kennedy St, Nanaimo, British Columbia
Price:
$ 800,000
MLS Number:
1018400
List Date:
October 30th, 2025
Lot Size:
9405 sq.ft.
Taxes:
$ 5,942

Interior Features

Bedrooms:
8
Bathrooms:
2
Air Conditioning:
None
Heating:
Forced air

Building Features

Zoning:
Multi-Family
Garage:
Open
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 5,942

Floors

Finished Area:
2352 sq.ft.
Main Floor:
2352 sq.ft.

Land

Lot Size:
9405 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Travis Mickelson REMAX Professionals (NA)
 
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Listing Agent(s)

Listing: Travis Mickelson
REMAX Professionals (NA)
Co-Listing: Joan Miller
REMAX Professionals (NA)

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