Property Description
OLD CITY CHARACTER HOME WITH UNOBSTRUCTED OCEAN VIEWS ON KENNEDY STREET
Nestled in the heart of Nanaimo’s historic Old City, this 3 unit residence is an investors dream. Located on the highly sought-after Kennedy Street, this captivating property has ocean views, a versatile floor plan, and is poised for redevelopment. The property is zoned R14 (Old City 4-Plex residential). The Old City is looking to increase density so a larger multi-family project is also worth investigating. The current tenants pay $3,225/month making this an easy investment.
Bedrooms: 5
Bathrooms: [Specify the number of bathrooms]
Zoning: R14 (Single Family Fourplex)
Lot Size: 9405 Sq Ft \ .21 Acre
Year Built: 1910
Square Footage: 3034 sq ft on 3 floors
Heating and Cooling: Heat pump for efficient climate control
Parking: Alley access, ample street parking, Lots of off-street parking from the alley
Ocean Views: Amazing
Step inside, and you’ll immediately be captivated by the breathtaking ocean views that greet you from the kitchen areas and two expansive decks. Enjoy your morning coffee while watching the sunrise over the sparkling waters of the Strait of Georgia or unwind with a glass of wine as the sun sets over the horizon. This home offers a front-row seat to the beauty of Vancouver Island’s coastline.
This Old City gem, originally built in 1910, seamlessly combines the character of yesteryear with the convenience of contemporary living. The property boasts updated plumbing, wiring, and a highly efficient heat pump for year-round comfort. The charm of this character home has been thoughtfully preserved while ensuring that it meets the demands of modern living.
Spread across multiple levels, this home offers versatile living spaces that can be tailored to your needs. With a total of five bedrooms, you’ll have ample room for a growing family or guests. The ocean view loft upstairs provides a serene retreat, while the full finished basement offers additional living space or potential rental income if you opt for the duplex zoning.
The large yard, fenced in the front and on the sides, creates a private oasis perfect for gardening, play, or relaxation. Alley access provides convenience and potential for additional parking or even a detached garage. With the property being so close to downtown Nanaimo, you’ll have easy access to shopping, dining, and entertainment options.
This Old City character home is a rare find in today’s market. Whether you’re looking for a spacious single-family residence or a potential duplex investment opportunity, Kennedy Street delivers both. The unobstructed ocean views, tasteful updates, and charming character make this property a true Nanaimo treasure.
To experience the unique charm and beauty of this Old City home for yourself, contact us today to arrange a viewing. This is your chance to own a piece of Nanaimo’s history while investing in a strong area of growth and development. Act quickly – opportunities like this don’t come around often!
