House
6 Bedrooms
6 Bathrooms
Size: 2,451 sqft
Built in 1930
$689,900
About this House in Old City
Investor Alert – Income Generator in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 4 x bdrm/studio-style rental units, each with its own entrance & 2-piece bath (no kitchens…), shared laundry & shower facilities & a common room - perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!Lot Features Of 58 Pine, Old City, Nanaimo
Landscaped
Listed by Pemberton Holmes Ltd. (Dun)/Pemberton Holmes Ltd. (Lk Cow).
Investor Alert – Income Generator in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 4 x bdrm/studio-style rental units, each with its own entrance & 2-piece bath (no kitchens), shared laundry & shower facilities & a common room - perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!
Lot Features Of 58 Pine, Old City, Nanaimo
Landscaped
Listed by Pemberton Holmes Ltd. (Dun)/Pemberton Holmes Ltd. (Lk Cow).
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board & Vancouver Island Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.
More Details
- MLS®: 1030696
- Bedrooms: 6
- Bathrooms: 6
- Type: House
- Size: 2,451 sqft
- Lot Size: 6,970 sqft
- Taxes: $4,215 (2025)
- Parking: 6 Driveway, On Street, Open
- Fireplaces: 1
- Year Built: 1930
Contact us now to see this property in person!
Karen: 250-741-7517 Simon: 250-607-1757 Connie: 250-734-2583More about Old City, Nanaimo
Latitude: 49.16839294
Longitude: -123.95122395