About 540 Kennedy St
Charming Character Home with Development Potential on Nanaimo’s Prettiest Street Located on the iconic, tree-lined Kennedy Street—widely regarded as one of Nanaimo’s most beautiful and desirable neighborhoods—this charming property blends timeless character with rental income potential. The existing home features 4 bedrooms and 2 full bathrooms, offering a warm and inviting space perfect for homeowners or as a reliable rental income property. You'll love the preserved old-world architectural details and the spacious, mature yard—ideal for children, pets, or outdoor entertaining. But the opportunity doesn’t stop there: for investors and developers, an approved Development Permit is already in place for a unique live-work complex, including two single-family homes and one duplex. Whether you're looking for a move-in-ready home in a standout location or seeking a promising development site, this property is a rare find in the heart of Nanaimo.
Basic Information
| Price | $589,900 |
|---|---|
| MLS® # | 997721 |
| Sub-Type | Single Family Detached |
| Year Built | 1910 |
| Beds | 4 |
| Baths | 2.00 |
| Kitchens | 2 |
| Interior SqFt | 2,143 |
| Lot Size | 0.20 Acres |
Location Information
| Address | 540 Kennedy St |
|---|---|
| Postal Code | V9R 2J7 |
| Area | Nanaimo |
| Sub Area | Old City |
| Jurisdiction | City of Nanaimo |
| PID Number | 008-864-152 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard, Electric |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Detached, On Street |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Central Location, Landscaped, Recreation Nearby, Serviced, Shopping Nearby |
Listing Details
| Office | RE/MAX of Nanaimo |
|---|