About 58 Pine St
Investor Alert – Income Property in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential and zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level features charming character with 2-bedroom, 1-bath main living & peek-a-boo ocean views from the back deck. Downstairs there are four bedroom/studio-style rental units, each with its own entrance and 2-piece bath (no kitchens), shared laundry and shower facilities and common room, perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!
Basic Information
| Price | $714,999 |
|---|---|
| MLS® # | 1017806 |
| Sub-Type | Single Family Detached |
| Year Built | 1930 |
| Beds | 6 |
| Baths | 6.00 |
| Kitchens | 1 |
| Building SqFt | 2,660 |
| Lot Size | 0.16 Acres |
Location Information
| Address | 58 Pine St |
|---|---|
| Postal Code | V9R 2B2 |
| Area | Nanaimo |
| Sub Area | Old City |
| Jurisdiction | City of Nanaimo |
| PID Number | 008-845-107 |
| View | Mountain(s), Ocean |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Heat Pump |
| Cooling | Air Conditioning |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Driveway, On Street, Open |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Landscaped |
Listing Details
| Office | Pemberton Holmes Ltd. (Ldy) |
|---|