Beds: 2Baths: 2SqFt: 1100
Condo
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.
The Old City Quarter of Nanaimo is the original core of the city, maintaining many of its unique historical aspects. Some of the buildings in this area date from the late 1800’s to the early 1900’s. Old City has recently undergone a revitalization of heritage buildings and the addition of many new developments that complement the period architecture.
Updated on October 30, 2025 at 10:32 am
639 Kennedy Street - 639 Kennedy Street
