639 Kennedy St
Nanaimo, British Columbia
MLS® 1038726
$740,000
- Status
- Active
- Property type
- House
- MLS® number
- 1038726
- Bedrooms
- 8
- Bathrooms
- 2
- Year built
- —
1 / 30Listing 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.
Property summary
- MLS® number
- 1038726
- Property type
- Single Family
- Building type
- House
- Square footage
- 2,352 sq ft
- Title
- Freehold
- Land size
- 9405 square feet
- Annual property taxes
- $5,942.00
- Parking
- 2 spaces · Open
- Days on market
- 90 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Lot features
- Other
What would this home cost you?
Based on the $740,000 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 REMAX Professionals (NA), Nanaimo.
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.