Renovated 5-Plex + Separate Legal Lot in Prime Old City Nanaimo. Rare opportunity to own a renovated 5-plex with a separately titled legal lot in Nanaimo’s sought-after Old City Area. Extensively updated since 2006, this income-producing property blends historic character with modern upgrades, making it a true turnkey investment. The building features five self-contained units, each with separate meters, laundry and hot water tanks, upgraded electrical, and strong rental appeal. Investors will appreciate the multiple income streams and long-term stability in this prime central location. The additional legal lot (prelim building plans available), zoned R14, offers exceptional flexibility-hold for future development, expand, or explore creative redevelopment options. Properties offering this level of income, condition, and upside potential rarely come to market.
An outstanding opportunity to secure a high-performing asset with future growth potential.
Address
604 Kennedy St
List Price
$1,730,000
Property Type
Residential
Type of Dwelling
Quadruplex
Style of Home
Character
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Bedrooms
10
Bathrooms
5
Floor Area
5,061 Sq. Ft.
Lot Size
9405 Sq. Ft.
Lot Size (Acres)
0.22 Ac.
Year Built
1948
MLS® Number
1025617
Listing Brokerage
460 Realty Inc. (NA)
Basement Area
Partially Finished, Walk-Out Access, With Windows
Postal Code
V9R 2J8
Tax Amount
$8,308.00
Tax Year
2024
Features
Baseboard, Hardwood, Mixed
Amenities
Low Maintenance Yard, Workshop