About 639 Kennedy St
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.
Basic Information
| Price | $800,000 |
|---|---|
| MLS® # | 1018400 |
| Sub-Type | Single Family Detached |
| Beds | 8 |
| Baths | 2.00 |
| Building SqFt | 2,352 |
| Lot Size | 0.22 Acres |
Location Information
| Address | 639 Kennedy St |
|---|---|
| Postal Code | V9R 2J9 |
| Area | Nanaimo |
| Sub Area | Old City |
| Jurisdiction | City of Nanaimo |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Forced Air |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | Common Area |
| Parking | Open |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Shopping Nearby |
Listing Details
| Office | REMAX Professionals (NA) |
|---|