Address
639 Kennedy St, Nanaimo, BC
Price
$ 740,000
Property Attributes
- MLS#1038728
- TypeCommercial
- Listing Status Active
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Old City
- Postal CodeV9R 2J9
- StyleMulti Family
- Taxes$ 5930
- Price$ 740,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2352
- Lot Size0.22 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
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.
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Forced Air,Natural Gas |
| Zoning | R14 |
| Property Subtype | Multi Family |
| Property Type | Commercial Sale |
| Construction Materials | Frame Wood |
| Commercial Area | Not Applicable |
| Commercial Listing Type | Building,Land |
Interior Features
| Total Units | 8 |
|---|
Exterior Features
| Building Features | Basement |
|---|---|
| Water Source | Municipal |
| Foundation | Poured Concrete |
| Building Area Total | 2352.00 |
| Lot Size Square Feet | 9405.00 |
| Lot Size Acres | 0.22 |
| Parking Onsite YN | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in V9R 2J9
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