639 Kennedy St Nanaimo, British Columbia V9R 2J9

$800,000

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. (id:46156)

Property Details

MLS® Number	1018400
Property Type	Single Family
Neigbourhood	Old City
Features	Other
Parking Space Total	2

Building

Bathroom Total	2
Bedrooms Total	8
Cooling Type	None
Heating Type	Forced Air
Size Interior	2,352 Ft2
Total Finished Area	2352 Sqft
Type	House

Parking

Open

Land

Acreage	No
Size Irregular	9405
Size Total	9405 Sqft
Size Total Text	9405 Sqft
Zoning Description	R14
Zoning Type	Multi-family

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bathroom			3-Piece
Second Level	Bedroom	15 ft	14 ft	15 ft x 14 ft
Second Level	Bedroom	14 ft	11 ft	14 ft x 11 ft
Second Level	Bedroom	14 ft		14 ft x Measurements not available
Second Level	Bedroom	15 ft	14 ft	15 ft x 14 ft
Main Level	Laundry Room			6'8 x 7'5
Main Level	Bathroom			4-Piece
Main Level	Bedroom			15'2 x 15'5
Main Level	Bedroom			14'2 x 9'4
Main Level	Bedroom			14'2 x 13'3
Main Level	Bedroom		15 ft	Measurements not available x 15 ft

https://www.realtor.ca/real-estate/29049170/639-kennedy-st-nanaimo-old-city