$1,975,000
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531 Kennedy St, Nanaimo, BC V9R2J6

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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:58753)

Listing By: Jed Grieve - NAI Commercial (Victoria) Inc.
Source: CREA #1041190 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 1041190
  • Date Listed06/23/2026
  • Days on Realty 97 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 9,400 sq. ft
  • Year Built 2021

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 9,400.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R2J6

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9R2J6

Source: Walk Score

86/100

Very Walkable

Walk Score ®

57/100

Good Transit

Transit Score ®

53/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

26 nearby routes: 25 bus, 0 rail, 1 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Points of Interest near 531 Kennedy St, Nanaimo, BC V9R2J6

Frequently Asked Questions for 531 Kennedy St

Source: Realty.com

531 Kennedy St, Nanaimo, BC V9R2J6 in Nanaimo, BC V9R2J6 is a multi family listed at $1,975,000. Highlights include built in 2021. Realty.ca has 13 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 13 photos of 531 Kennedy St.

Our records indicate that 531 Kennedy St was built in 2021.

The full address for this home is 531 Kennedy St, Nanaimo, BC V9R2J6.

531 Kennedy St has been listed on Realty.com since Tue June 23, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

This content last refreshed on 2026-09-28 12:55:12. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.