531 Kennedy St - Main photo, Nanaimo, British Columbia

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$2,040,000

531 Kennedy St — Nanaimo, British Columbia

V9R2J6

NAI Commercial (Victoria) Inc.

MLS® 1041190

3,060Sq Ft

8Parking

2021Built

9,400Lot Sq Ft

About This Property

Turnkey 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. (id:63357)

NAI Commercial (Victoria) Inc.MLS® 1041190

Property Location

Map

Property Details

Property Type: Detached
Building Area: 3,060 square feet
Year Built: 2021
Status: Active
MLS® Number: 1041190

Location & Neighborhood

What's nearby 531 Kennedy St

Nearby Schools

Bayview Elementary
Elementary School • Public • K–7
0.7 km
Pauline Haarer Elementary
Elementary School • Public • K–7 • French Immersion
1.1 km
Georgia Avenue Elementary
Elementary School • Public • K–7
1.1 km
Continuing Ed SD 68
Secondary School • Public • 10–12
1.5 km
John Barsby Secondary
Secondary School • Public • 8–12
1.5 km

Parks & Recreation

Rosamond Park
park
0.3 km
Nob Hill Park
park
0.4 km
Pawson Gyro Park
park
0.5 km

Transit Access

Albert at Milton (SB)
Bus Stop
0.2 km
Albert at Milton (NB)
Bus Stop
0.2 km
Albert at Prideaux (NB)
Bus Stop
0.3 km
Albert at Selby (SB)
Bus Stop
0.3 km
Victoria at Kennedy (SB)
Bus Stop
0.3 km

Local Amenities

Dining

Indian Grill's0.1 km
Flavours of India0.6 km

Grocery

Superette0.2 km

Fitness

Dolly's Gym0.5 km

Pharmacy

Central Drugs0.5 km

Coffee & Cafes

The Vault Cafe0.6 km
White Rabbit Coffee Co0.6 km

POI data updated 6/23/2026

Nanaimo Market Snapshot

840

Active Listings

Last updated: Jun 25, 2026

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