Address
639 Kennedy St, Nanaimo, BC
Price
$ 740,000
Property Attributes
  • MLS#1038726
  • TypeSingle Family
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 2J9
  • StyleSingle Family Detached
  • Taxes$ 5942
  • Price$ 740,000
  • Bedrooms8
  • Full Bathrooms2
  • 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

Living Area 2352.00
Sewer Sewer Connected
Heating Forced Air
Cooling None
Roof Fibreglass Shingle
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
Zoning R14
Property Subtype Single Family Detached
Property Type Residential
Parking Total 2
Construction Materials Frame Wood
Zoning Type Multi-Family
Bathrooms Count Main Level 1

Interior Features

Basement Not Full Height,Unfinished
Basement Y/N Yes
Total Units 8
Laundry Features Common Area
Living Area Third 0.00
Living Area Second 1160.00
Living Area Other 0.00
Living Area Main 1192.00
Living Area Lower 0.00
Building Area Unfinished 0.00
Bedrooms Or Dens Total 8
Bedrooms Count Second Level 4
Bedrooms Count Main Level 4
Bathrooms Count Second Level 1
Bath 4 Piece Total 1
Bath 3 Piece Total 1
Basement Height Feet 6

Exterior Features

Lot Features Shopping Nearby
Water Source Municipal
Parking Features Open
Foundation Poured Concrete
Building Area Total 2352.00
Lot Size Square Feet 9405.00
Lot Size Acres 0.22

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 Single Family Average in V9R 2J9

Price
AVG $650K
$740K
Taxes
AVG $4,709
$5,942
Visits
AVG 193
302
Data Provided by Inside Real Estate®

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