CABCNanaimoCity Centre531 Kennedy St
Listing image | Image 1

531 Kennedy St, Nanaimo, BC

House

For Sale

Listed price in listed location currency (CAD).
$2,040,000

008

MLS® 1041190

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $7,873
Days Active 1
Lot Size 0.21 Acres
Approx. Age 2021
MLS® Number 1041190

Property Address: 531 Kennedy St, Nanaimo, BC, V9R2J6

Average square foot calculated using Size range provided by listing agent.

Description

urnkey 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.
MLS® Number1041190
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2021
Basement
DrivewayOn Site
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 23, 2026List Date
$2,040,000List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
531 Kennedy St, Nanaimo, BC
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