$740,000 | Old City Nanaimo for Sale at 639 Kennedy St Nanaimo

Explore 639 Kennedy St, a Desirable Old City home for sale for $740,000! This Old City for sale in Nanaimo has been listed on Real-Estate.ca for 62 days under MLS® #1038726. This home is a 2,352 square foot Single Family with 8 bedrooms and 2.00 bathrooms. Parking is Open. Explore the Nanaimo real estate market and available Old City homes for sale!

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:6289)

Old City Map, Demographics, Characteristics