640 Kennedy St 5 Unit Apartment Building $1,730,000 CAD ($346,000 CAD/Unit) Nanaimo, BC V9R 2J8

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.