About 604 Kennedy St
Renovated 5-Plex + Separate Legal Lot in Prime Old City Nanaimo. Rare opportunity to own a renovated 5-plex with a separately titled legal lot in Nanaimo’s sought-after Old City Area. Extensively updated since 2006, this income-producing property blends historic character with modern upgrades, making it a true turnkey investment. The building features five self-contained units, each with separate meters, laundry and hot water tanks, upgraded electrical, and strong rental appeal. Investors will appreciate the multiple income streams and long-term stability in this prime central location. The additional legal lot (prelim building plans available), zoned R14, offers exceptional flexibility-hold for future development, expand, or explore creative redevelopment options. Properties offering this level of income, condition, and upside potential rarely come to market. An outstanding opportunity to secure a high-performing asset with future growth potential.
Basic Information
| Price | $1,730,000 |
|---|---|
| MLS® # | 1025617 |
| Sub-Type | Quadruplex |
| Year Built | 1948 |
| Beds | 10 |
| Baths | 5.00 |
| Kitchens | 5 |
| Building SqFt | 6,593 |
| Lot Size | 0.22 Acres |
Location Information
| Address | 604 Kennedy St |
|---|---|
| Postal Code | V9R 2J8 |
| Area | Nanaimo |
| Sub Area | Old City |
| Jurisdiction | City of Nanaimo |
| PID Number | 008-790-736 |
| View | Mountain(s) |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Updated/Remodeled |
| Laundry | In Unit |
| Parking | Attached, Detached, Garage, Garage Double, On Street, RV Access/Parking |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
Listing Details
| Office | 460 Realty Inc. (NA) |
|---|