REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Travis Mickelson REMAX Professionals (NA)
$ 800,000
Est. payment /mo
Active
639 Kennedy St Nanaimo, BC V9R 2J9
2,352 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $340
MLS Listing ID 1018397
HOA Y/N No
Annual Tax Amount $5,942
Tax Year 2025
Lot Size 9,583 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning R14
Interior
Heating Forced Air, Natural Gas
Exterior
View Y/N No
Garage No
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Locker No
Others
Ownership Freehold
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION