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$2,040,000
British Columbia,Nanaimo
For Sale Active
531 Kennedy St, Nanaimo, British Columbia V9R2J6
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Basic Details
Description

Turnkey multi-family cash-flow investment in Nanaimo’s Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site

parking ratio (8 dedicated stalls). Generates $138, 180 gross annual rental income with a stable, projected NOI of $103, 730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 1041190
  • Price: $2,040,000
  • Year Built: 2021
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 53060
Address Map
  • Location: CA, British Columbia, Nanaimo, V9R2J6
  • Street: Kennedy
  • Street Number: 531
  • Street Suffix: Street
  • Longitude: W124° 3' 35.8''
  • Latitude: N49° 9' 31''
  • Zoning: Unknown
Additional Information
  • Lot Size Dimensions: 9400
  • Number Of Units Total: 8
Financial
  • Tax Annual Amount: 7873.47
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Listing updated: 2026-07-01 18:51:01
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Listing Information
  • List Agent Key: 2243320
  • List Office Key: 53060
  • Modification Timestamp: 2026-06-25T19:50:20Z
  • Originating System Name: Victoria Real Estate Board
  • Status Change Timestamp: 2026-06-25T19:49:20Z
Powered by REALTOR.ca
Listing updated: 2026-07-01 18:51:01
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