639 Kennedy St, Nanaimo, BC V9R 2J9
- $740,000
- 8
- BD
- 2
- BA
- 2,352
- SqFt
Courtesy of REMAX Professionals (NA)
- List Price
- $740,000
- Status
- ACTIVE
- MLS®
- 1038726
- Property Type
- Single Family Residential
- Style
- M Lev Bsmt & 2nd
- Bedrooms
- 8
- Total baths
- 2
- Living Area
- 2,352
- Acres
- 0.22
- Lot Size
- 9,405
- District
- Nanaimo
- Neighbourhood
- Na Old City
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.
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Additional Information
- Layout
- Main Level Entry with Lower/Upper Lvl(s)
- Lot Features
- Shopping Nearby
- Heating
- Forced Air
- Roof
- Fibreglass Shingle
- Parking Spaces
- 2
- Parking Type
- Open
- Laundry Feature
- Common Area
- Taxes
- $5,942
- Rentals Allowed
- Unrestricted
- Pets Allowed
- Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
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