639 Kennedy St
Nanaimo, BC V9R2J9
$740,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 9,405 square feet
- Zoning
- Multi-Family
R14
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,942
Interior
- Heating
- Forced air
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 2 — uncovered indicated
- Features
- Open
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 3-Piece |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | 9'3 |
| Bedroom | Second level | — |
| Laundry room | Main level | 7'5 x 6'8 |
| Bathroom | Main level | 4-Piece |
| Bedroom | Main level | 15'5 x 15'2 |
| Bedroom | Main level | 9'4 x 14'2 |
| Bedroom | Main level | 13'3 x 14'2 |
| Bedroom | Main level | 15'2 |
Listing Information
- MLS®
- 1038726
- Listed
- May 29, 2026
- Time on market
- On the market for 94 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Professionals (NA) · Data source: CREA DDF.
Description
This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental. (id:63159)
Values & Trends
This listing
$315/sqft
Building average
—
No other active listings in this building
Old City average
$432/sqft
15 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
48
7/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Bayview Elementary | Elementary | 515 m |
| Georgia Avenue Elementary | Elementary | 1.2 km |
| Pauline Haarer Elementary | Elementary | 1.3 km |
| John Barsby Secondary | Secondary | 1.5 km |
| Learning Alternatives | Secondary | 1.5 km |
| Park Avenue Elementary | Elementary | 1.6 km |
| Fairview Elementary | Elementary | 1.7 km |
| Nanaimo District Secondary | Secondary | 1.9 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- MGM · 240 Nicol Street161 m
- Indian Grill's408 m
- Bar Luna · Victoria Road 7552 m
- Bamboo Garden · 67 Victoria Crescent641 m
- Thai Cook · 22 Victoria Crescent688 m
Cafes (1)
- The Vault Cafe · 499 Wallace Street691 m
Grocery (1)
- Superette405 m
Parks (5+)
- Deverill Square Gyro 2 Park · 200 Irwin Street344 m
- View Street Park · 38 View Street354 m
- Nob Hill Park · 400 Milford Crescent426 m
- Rosamond Park · 1 Rosamond Street433 m
- Pioneer Square Park597 m
Gyms (1)
- Dolly's Gym · 111 Nicol Street316 m
Pharmacies (1)
- Central Drugs605 m
Banks & ATMs (2)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street413 m
- TD694 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 6.6% ($49,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.