639 Kennedy St, Nanaimo
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:1945)
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Property details for 639 Kennedy St, Nanaimo
- Type
- Residential
- Bedrooms
- 8
- Bathrooms
- 2
- Living Area
- 2,352 square feet
- Lot Size
- 9405
- Parking
- Open
- Heating
- Forced air
- Cooling
- None
- Ownership
- Freehold
- Annual Taxes
- $5,930
Nearby Listings Stat
Estimated price and comparable properties near 639 Kennedy St
Active Listings
1
Min Price
$740,000
Max Price
$740,000
Avg Price
$740,000
Days on Market
129
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Nanaimo, British Columbia / Colombie-Britannique
Population
585
Median Age
39.2
Median Income
$20,560
Dwelling Value
$250,062
Housing Tenure
Owners 31%
Renters 67%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 2,911.9/km²
Avg Shelter Cost: $883/mo
Owners with Mortgage: 81.2%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 50%
English only: 88.9%
English and French: 10.3%
Median Household Income: $35,584
Median Employment Income: $21,035
Price History
Listed
May 29, 2026
by REMAX Professionals (NA)
Current Price
$740,000
Type
Residential
For Sale
Contact Agent Get in touch about 639 Kennedy St, Nanaimo
Travis Mickelson
REMAX Professionals (NA)
