For Sale: 639 Kennedy Street, Nanaimo, BC - REW
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$740,000
0 bd • ba • sf • Multifamily
639 Kennedy Street
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$740,000
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639 Kennedy StreetNanaimo, BC, V9R 2J9

Old City
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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.
Listed by: Travis Mickelson, REMAX Professionals (NA)

Home facts and features

Price details
List Price
$740,000
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Gross Taxes for 2025
$5,942
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
9405 ft²
Title
Freehold
Exterior Finish
Frame Wood
Heating Type
Forced Air, Natural Gas
Community
Agent details
Primary Agent
Primary Broker
REMAX Professionals (NA)
Listing details
Days on REW
12 Days
Property Views
1736
MLS® Number
1038728
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Bayview School
  • Public
  • Pre-K - 7
  • In Catchment
Pauline Haarer Elementary School
  • Public
  • K - 7
John Barsby Community School
  • Public
  • 8 - 12
The High School at VIU
  • Independent
  • 10 - 12
Discover Montessori School
  • Independent
  • K
Quarterway School
  • Public
  • Pre-K - 7
Nanaimo Christian School
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Travis Mickelson
Phone:
250-616-6266
Office:
250-751-1223
Fax:
250-751-1300
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