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Royal LePage
Royal LePage
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$800,000

Nanaimo BC, V9R 2J9

MLS® # 1018397

Property Information:

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 Features:

  • Annual Tax Amount: $5,942
  • Building Features: Basement
  • Construction Materials: Frame Wood
  • Floor Space (approx): 2352 Square Feet
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Natural Gas
  • Lot Frontage: 9405 Square Feet
  • Lot Size: 9405.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Water Source: Municipal
  • Zoning: R14
  • Sewer:

Courtesy of: REMAX Professionals (NA)

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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⚠ Potential Investment Performance

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Location of 639 Kennedy St, Nanaimo, BC, V9R 2J9

Demographic Information of 639 Kennedy St, Nanaimo, BC, V9R 2J9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,901.40

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.47 %

High school certificate or equivalent

33.45 %

Apprenticeship trade certificate/diploma

9.32 %

College/non-university certificate

18.58 %

University certificate (below bachelor)

0.95 %

University Degree

15.23 %

Commuter

Travel To Work

By Car

75.69 %

By Public Transit

8.89 %

By Walking

8.84 %

By Bicycle

0.03 %

By Other Methods

6.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.9 %

Houses

75.1 %

Own Vs. Rent

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