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540 Kennedy Street, Old City, Nanaimo (997725)

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540 Kennedy Street Old City, Nanaimo

8,702 sqft lot | $589,900

540 Kennedy Street, Old City, Nanaimo
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8,702 sqft lot | $589,900

About This Multi-Family

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Charming Character Home with Development Potential on Nanaimo’s Prettiest Street Located on the iconic, tree-lined Kennedy Street—widely regarded as one of Nanaimo’s most beautiful and desirable neighborhoods—this charming property blends timeless character with rental income potential. The existing home features 4 bedrooms and 2 full bathrooms, offering a warm and inviting space perfect for homeowners or as a reliable rental income property. You'll love the preserved old-world architectural details and the spacious, mature yard—ideal for children, pets, or outdoor entertaining. But the opportunity doesn’t stop there: for investors and developers, an approved Development Permit is already in place for a unique live-work complex, including two single-family homes and one duplex. Whether you're looking for a move-in-ready home in a standout location or seeking a promising development site, this property is a rare find in the heart of Nanaimo.

Listed by RE/MAX of Nanaimo.

Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Jahelka Real Estate Group for your convenience.

Disclaimer: This representation is based in whole or in part on data generated by the VIREB Vancouver Island Real Estate Board which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.

 
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  • MLS® : 997725
  • Type : Multi-Family
  • Tenancy : Sale Price

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Photo 1 at 540 Kennedy Street, Old City, Nanaimo
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