531 Kennedy St, Nanaimo, British Columbia

$1,975,000

Previous Next

0.22

Acres

About 531 Kennedy St

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:6289)

Multi-family property for sale in Nanaimo, British Columbia at 531 Kennedy St.

Features of 531 Kennedy St

Listing # 1041190
Price $1,975,000
Bathrooms 0.00
Acres 0.22
Year Built 2021
Type Multi-family
Sub-Type Multi-Family

Community Information: Old City

Address 531 Kennedy St
Subdivision Old City
City Nanaimo
Province British Columbia
Postal Code V9R2J6

Amenities of 531 Kennedy St

Parking Spaces 8
Is Waterfront No
Has Pool No

Interior of 531 Kennedy St

Fireplace No
Has Basement No

Additional Information On 531 Kennedy St

Zoning Unknown

Listing Details

OfficeNAI Commercial (Victoria) Inc.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?