639 Kennedy Street, Nanaimo, British Columbia V9R 2J9
$740,000
- 8 bedrooms
- 2 bathrooms
- 2,352 Square Feet
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 ... read more
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. (id:39198)
- Listing ID: 1038726
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 9405 Sqft |
| Parking: | Open 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| HVAC: | Fireplace and Forced Air |
| Location | |
|---|---|
| Town: | Nanaimo |
| Province: | British Columbia |
| Rooms | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 3-piece |
| Bedroom | Second level | 14 x 15 |
| Bedroom | Second level | 11 x 14 |
| Bedroom | Second level | 14 |
| Bedroom | Second level | 14 x 15 |
| Laundry room | Main level | 6'8 x 7'5 |
| Bathroom | Main level | 4-piece |
| Bedroom | Main level | 15'2 x 15'5 |
| Bedroom | Main level | 14'2 x 9'4 |
| Bedroom | Main level | 14'2 x 13'3 |
| Bedroom | Main level | 15 x 15'2 |
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