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Braden Davies

braden@islandstateofmind.ca +1(250) 202-7261

Listed by Phillip Gonyer 460 Realty Inc. (NA)

$1,730,000

Est. payment - /mo

10 Beds

5 Baths

5,061 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,061 sqft

Price per Sqft $341

MLS Listing ID 1025617

Style Main Level Entry with Lower/Upper Lvl(s)

Bedrooms 10

HOA Y/N No

Year Built 1948

Annual Tax Amount $8,308

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Quadruplex

Property 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.

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Rooms

Kitchen 5

Interior

Heating Baseboard

Cooling None

Flooring Hardwood, Mixed

Fireplaces Number 2

Fireplaces Type Living Room

Fireplace Yes

Laundry In Unit

Exterior

Exterior Feature Low Maintenance Yard

Parking Features Attached, Detached, Garage, Garage Double, On Street, RV Access/Parking

Garage Spaces 4.0

Garage Description 3

View Y/N Yes

View Mountain(s)

Roof Type Asphalt Shingle

Total Parking Spaces 4

Garage Yes

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Architectural Style Character

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Ownership Freehold

Special Listing Condition Updated/Remodeled

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604 Kennedy St Nanaimo, BC V9R 2J8