Description
Investor Alert – Income Generator in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 4 x bdrm/studio-style rental units, each with its own entrance & 2-piece bath (no kitchens), shared laundry & shower facilities & a common room – perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!
Address
Open on Google Maps- Address 58 Pine St
- City Nanaimo
- Postal Code V9R 2B2
Details
Updated on April 22, 2026 at 1:55 pm- Property ID: 1030696
- Price: $689,900
- Property Size: 2660 Sqft
- Bedrooms: 6
- Bathrooms: 6
- Garage Size: x x
- Year Built: 1930
- Property Type: Residential
- Property Status: Active
- MLS#: 1030696
Additional details
- Roof: Fibreglass Shingle
- Sewer: Sewer Connected
- Cooling: Air Conditioning
- Heating: Heat Pump
- Flooring: Mixed
- County: Nanaimo, City of
- Property Type: Residential
- Parking: Driveway,On Street,Open
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