$725,000
 $3,892 est/mo Sourced by Back At You

639 Kennedy St,Nanaimo, BC V9R2J9

Nanaimo, BC V9R2J9

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Description

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:13843)

Details

MLS #1038728
Listing TypeFor Sale
StatusActive
Days On Site163
Listing Provided ByREMAX Professionals (NA) | Travis Mickelson

Features

SQ Feet2,352
Units8
ZoningUnknown
Acreage0.22

Interior

HeatingForced air, Natural gas
Fireplace Yes / NoNo

Taxes

Tax Annual Amount5930

Area Information

ProvinceBC
CityNanaimo
Postal CodeV9R2J9
Listing VS Median (in V9R2J9)
Price:
$725,000
low | high
Med:
$725,000
50% of Average
sqft:
2,352
low | high
Med:
2,352
50% of Average
$ / sqft:
$308
low | high
Med:
$308
50% of Average
On site:
163
low | high
Med:
163
100% of Average
Sourced by Back At You

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Learn More About This Property

Victoria Jodoin

Victoria Jodoin

Sutton Group - Masters Realty Inc., Brokerage

REALTOR® (613) 328-4708vjodoin@sutton.com
ProvinceBC
CityNanaimo
Postal CodeV9R2J9
Listing VS Median (in V9R2J9)
Price:
$725,000
low | high
Med:
$725,000
50% of Average
sqft:
2,352
low | high
Med:
2,352
50% of Average
$ / sqft:
$308
low | high
Med:
$308
50% of Average
On site:
163
low | high
Med:
163
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $543K - $906K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
639 Kennedy St Property Photo 1
$725,000
639 Kennedy St
Nanaimo, BC V9R2J9
Listing Updated: October 21, 2026 at 10:11:49 AM PDT

Victoria Jodoin, REALTOR®

101-705 Arlington Park Pl.
Kingston, ON K7M7E4
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Victoria Jodoin  |  
Sutton Group - Masters Realty Inc Brokerage - Kingston - 101-705 Arlington Park Pl., Kingston, ON K7M7E4

The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 CREA. All Rights Reserved.
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