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Dylon Paul

eXp Realty

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Travis Mickelson REMAX Professionals (NA)

$ 740,000

Est. payment -/mo

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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 $314

MLS Listing ID 1038728

HOA Y/N No

Annual Tax Amount $5,930

Tax Year 2026

Lot Size 9,583 Sqft

Acres 0.22

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

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

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