Description
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
Open on Google Maps- Address 604 Kennedy St
- City Nanaimo
- Postal Code V9R 2J8
Details
Updated on February 10, 2026 at 10:34 am- Property ID: 1025617
- Price: $1,730,000
- Property Size: 6593 Sqft
- Bedrooms: 10
- Bathrooms: 5
- Garages: 3
- Garage Size: x x
- Year Built: 1948
- Property Type: Residential
- Property Status: Active
- MLS#: 1025617
Additional details
- Roof: Asphalt Shingle
- Sewer: Sewer Connected
- Cooling: None
- Heating: Baseboard
- Flooring: Hardwood,Mixed
- County: Nanaimo, City of
- Property Type: Residential
- Parking: Attached,Detached,Garage,Garage Double,On Street,RV Access/Parking
- Architectural Style: Character
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