About 619 Pine St
Investor opportunity in Nanaimo’s historic Chinatown neighbourhood offering strong current rental income and long-term redevelopment potential. The property generates $3,600/month ($43,200/year) with month-to-month tenants who wish to remain. The generous 9,300 sq. ft. lot and R8 zoning provide substantial future potential, while the character home offers immediate rental appeal. Features include original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern Mt. Benson views, spacious living areas, an oversized primary bedroom, and a well-finished 3-bedroom lower suite. Enjoy a private south-facing deck and fenced backyard, plus recent updates including a newer roof, windows, and furnace. Conveniently located near shopping, schools, and transportation. Strong income today. Significant land and redevelopment potential for tomorrow. Measurements approximate; buyer to verify.
Basic Information
| Price | $669,000 |
|---|---|
| MLS® # | 1051042 |
| Sub-Type | Single Family Detached |
| Year Built | 1955 |
| Beds | 5 |
| Baths | 2.00 |
| Kitchens | 2 |
| Building SqFt | 2,316 |
| Lot Size | 0.20 Acres |
Location Information
| Address | 619 Pine St |
|---|---|
| Postal Code | V9R 2C7 |
| Area | Nanaimo |
| Sub Area | Old City |
| Jurisdiction | City of Nanaimo |
| PID Number | 005-306-949 |
| View | City, Mountain(s) |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer To Lot |
| Heating | Electric, Forced Air, Natural Gas |
| Cooling | None |
| Foundation Details | Slab |
| Property Condition | Fixer-Upper, Resale |
| Laundry | Common Area, 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 | Central Location, Cul-de-sac, Easy Access, Family-Oriented Neighbourhood, Irregular Lot, Landscaped, Level, Park Setting, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure |
Listing Details
| Office | Stonehaus Realty Corp. |
|---|