29 Photos
Click to view gallery
$740,000
639 Kennedy St Nanaimo, BC V9R 2J9
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.
Property Details
MLS #:
1038728
ID #:
31445044
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Old City
Status:
Active
Lot Size:
0.22 acres
Property Tax:
$5,942 (2025)
Days on Market:
35 days
Listing provided by REMAX Professionals (NA)
Canadian Mortgage Calculator
Mortgage Amount:
$0
Payment Amount:
$0
Total Interest:
$0
Total Cost:
$0
After 5 Year Term:
Principal Paid:
$0
Interest Paid:
$0
Remaining Balance:
$0
Annual Payment Breakdown
Remaining Balance
Principal Paid
Interest Paid
*Chart shows mortgage balance progression and cumulative payments over the selected term
*Calculations are estimates for informational purposes only. Please consult with a mortgage professional for accurate rates and terms.
Contact Information
Travis Mickelson
Sales Associate, REALTOR®
Property Photos
×
![Property Photo]()
1 / 29
Location
639 Kennedy St , Nanaimo, BC V9R 2J9