No longer active
639 Kennedy Street
Nanaimo, British Columbia
About this property
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:39198)
Available now
Homes similar to 639 Kennedy Street
133 Milton Street
4 bd · 4 ba · 2,450 sq ft
532 Prideaux Street
3 bd · 2 ba · 1,334 sq ft
733 Fitzwilliam Street
2 bd · 2 ba · 2,196 sq ft
85 Robarts Street
3 bd · 3 ba · 2,094 sq ft
58 Pine Street
2 bd · 6 ba · 2,451 sq ft
654 Farquhar Street
3 bd · 1 ba · 1,256 sq ft