531 Kennedy St
Nanaimo, British Columbia
MLS® 1041190
$2,040,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1041190
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2021
1 / 15Listing description
Turnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios.
All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5. 08% Cap Rate).
BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM.
NDA required for data room release.
Property summary
- MLS® number
- 1041190
- Property type
- Multi-family
- Building type
- Multi-Family
- Title
- Freehold
- Land size
- 9400 square feet
- Built in
- 2021
- Annual property taxes
- $7,873.47
- Parking
- 8 spaces
- Days on market
- 68 days
What would this home cost you?
Based on the $2,040,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of NAI Commercial (Victoria) Inc., Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.