619 Pine St, Nanaimo
$43,200 ANNUAL RENTAL INCOME + 9,300 SQ. FT. LOT + R8 ZONING! This income-producing property offers investors a compelling combination of current rental revenue and long-term redevelopment potential in Nanaimo’s historic Chinatown neighbourhood. The property currently generates $3,600/month ($43,200/year) in rental income, with month-to-month tenants who wish to stay. The generous 9,300 sq. ft. lot and R8 zoning provide significant long-term potential, making this an attractive holding property for investors looking beyond immediate positive cash flow. The character home features original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern views toward Mt. Benson, a spacious living room, and an oversized primary bedroom. A nicely finished 3-bedroom lower suite, private south-facing deck, and fenced backyard add further appeal. Recent updates include a newer roof, windows, and furnace. Conveniently located close to shopping, schools, and transportation. Strong rental income today. Substantial land value and redevelopment potential for tomorrow. Measurements are approximate; buyer to verify. (id:1945)
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Property details for 619 Pine St, Nanaimo
- Type
- Residential
- Style
- Westcoast
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 2,093 square feet
- Lot Size
- 9321
- Parking
- Open, Street
- Heating
- Forced air, Electric, Natural gas
- Cooling
- None
- Ownership
- Freehold
- Annual Taxes
- $4,753
Nearby Listings Stat
Estimated price and comparable properties near 619 Pine St
Active Listings
1
Min Price
$669,000
Max Price
$669,000
Avg Price
$669,000
Days on Market
0
days
Sold Listings
3
Min Sold Price
$749,000
Max Sold Price
$1,850,000
Avg Sold Price
$1,483,000
Days until Sold
63
days
Neighbourhood Census Data
Nanaimo, British Columbia / Colombie-Britannique
Population
379
Median Age
44.7
Median Income
$22,656
Dwelling Value
$224,883
Housing Tenure
Owners 65%
Renters 32%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2
Pop. Density: 2,456.3/km²
Avg Shelter Cost: $723/mo
Owners with Mortgage: 54.2%
Owners Spending 30%+: 17.4%
Tenants Spending 30%+: 46.2%
English only: 97.3%
English and French: 4%
Neither: 1.3%
Median Household Income: $40,768
Median Employment Income: $26,048
Price History
Listed
October 1, 2026
by Stonehaus Realty Corp.
Current Price
$669,000
Type
Residential
For Sale
