Old City 5 Plex for sale: 10 bedroom 5,061 sq.ft. (Listed 2026-02-09)

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• Property Value$1,730,000
• Property Address604 Kennedy Street, Nanaimo, BC, V9R 2J8, Canada
• Type5 Plex
• StyleMulti Family
• BasementYes, 1 Bed Suite
• ParkingDetached Double Garage and Attached Single Car Garage
• Year Built1948
• Taxes$8,308

• Living Area5,061 sq.ft.
• Lot Size Area.22 acres
• Bedrooms10
• Bathrooms5 full

Old City

604 Kennedy Street, Nanaimo, BC, V9R 2J8, Canada

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, 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.

Listing Provided By

Phil Gonyer Personal Real Estate Corporation