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$669,000
British Columbia,Nanaimo
For Sale Active
619 Pine St, Nanaimo, British Columbia V9R2C7
  • 5
  • 2
  • 2,093 Sqft
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Basic Details
Description

$43, 200 ANNUAL RENTAL INCOME + 9, 300 SQ. FT. LOT + R8 ZONING! This income-producing property offers investors a compelling combination of current rental revenue and long-term redevelopment potential in Nanaimo’s historic Chinatown neighbourhood. The property currently generates $3, 600/month ($43, 200/year) in rental income, with month-to-month tenants who wish to stay. The generous 9, 300 sq. ft. lot

and R8 zoning provide significant long-term potential, making this an attractive holding property for investors looking beyond immediate positive cash flow. The character home features original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern views toward Mt. Benson, a spacious living room, and an oversized primary bedroom. A nicely finished 3-bedroom lower suite, private south-facing deck, and fenced backyard add further appeal. Recent updates include a newer roof, windows, and furnace. Conveniently located close to shopping, schools, and transportation. Strong rental income today. Substantial land value and redevelopment potential for tomorrow. Measurements are approximate; buyer to verify. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1051042
  • Price: $669,000
  • Bedrooms: 5
  • Bathrooms: 2
  • View: City view, Mountain view
  • Square Footage: 2,093 Sqft
  • Year Built: 1955
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 296941
Features & Appliances
Features
  • Heating System: Forced air, Natural gas, Electric
  • Cooling System: None
  • Parking: Open, Street
  • Architectural Style: Westcoast
Address Map
  • Location: CA, British Columbia, Nanaimo, V9R2C7
  • Street: Pine
  • Street Number: 619
  • Street Suffix: Street
  • Longitude: W124° 3' 36.4''
  • Latitude: N49° 9' 21.9''
  • Zoning: Residential
Additional Information
  • Lot Features:
  • Lot Size Dimensions: 9321
Financial
  • Tax Annual Amount: 4752.69
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Listing updated: 2026-10-01 22:47:35
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Listing Information
  • List Agent Key: 2199180
  • List Office Key: 296941
  • Modification Timestamp: 2026-10-01T23:10:06Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-10-01T23:02:19Z
Powered by REALTOR.ca
Listing updated: 2026-10-01 22:47:35
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