DETACHED HOMES $500-$700K
540 Kennedy St
Nanaimo
V9R 2J7
$589,900
Residential
beds: 4
baths: 2.0
1,742 sq. ft.
built: 1910
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 997721
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 1910
- Photos (41)
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Charming Character Home with Development Potential on Nanaimo’s Prettiest Street
Located on the iconic, tree-lined Kennedy Street—widely regarded as one of Nanaimo’s most beautiful and desirable neighborhoods—this charming property blends timeless character with rental income potential.
The existing home features 4 bedrooms and 2 full bathrooms, offering a warm and inviting space perfect for homeowners or as a reliable rental income property. You'll love the preserved old-world architectural details and the spacious, mature yard—ideal for children, pets, or outdoor entertaining.
But the opportunity doesn’t stop there: for investors and developers, an approved Development Permit is already in place for a unique live-work complex, including two single-family homes and one duplex. Whether you're looking for a move-in-ready home in a standout location or seeking a promising development site, this property is a rare find in the heart of Nanaimo.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1910 (Age: 115)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,742 sq. ft.
- Listing General Location:
- Na Old City, Nanaimo
- Bedrooms:
- 4
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 8,702 sq. ft.
- Kitchens:
- 2
- Home Style:
- Character
- Taxes:
- Signup
- Construction:
- Frame Wood
- New Construction:
- No
- Basement:
- Crawl Space
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 2,143 sq. ft.
- Total Unfinished Area:
- 401 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 1
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 1
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 1
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 401 sq. ft.
- Living Area Main Floor:
- 1,247 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 495 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 2
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- South
- Layout:
- Main Level Entry with Upper Level(s)
- Lot Site Features:
- Central Location, Landscaped, Recreation Nearby, Serviced, Shopping Nearby
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Detached, On Street
- Total Parking Spaces:
- 2
- Total Units:
- Signup
- Date Listed:
- May 08, 2025
- Original Price:
- 749000.0
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Listed by RE/MAX of Nanaimo
Data was last updated September 23, 2025 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 71
- Avg list price:
- $550,000
- Min list price:
- $249,900
- Max list price:
- $1,190,000
- Avg days on market:
- 67
- Min days on market:
- 4
- Max days on market:
- 287
- Avg price per sq.ft.:
- $513.48
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DEANA BAUMEL PREC
- RE/MAX PROFESSIONALS
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX PROFESSIONALS
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca