Investor opportunity in Nanaimo’s historic Chinatown neighbourhood offering strong current rental income and long-term redevelopment potential. The property generates $3,600/month ($43,200/year) with month-to-month tenants who wish to remain. The generous 9,300 sq. ft. lot and R8 zoning provide substantial future potential, while the character home offers immediate rental appeal. Features include original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern Mt. Benson views, spacious living areas, an oversized primary bedroom, and a well-finished 3-bedroom lower suite. Enjoy a private south-facing deck and fenced backyard, plus recent updates including a newer roof, windows, and furnace. Conveniently located near shopping, schools, and transportation. Strong income today. Significant land and redevelopment potential for tomorrow. Measurements approximate; buyer to verify.

Interior Features Of 619 Pine, Old City, Nanaimo

Breakfast Nook, Dining Room, Dining/Living Combo, Eating Area, Soaker Tub, Workshop

Appliances Included:

Dryer, Oven/Range Gas, Range Hood, Refrigerator, Washer

Exterior Features Of 619 Pine, Old City, Nanaimo

Fencing: Full, Garden, Low Maintenance Yard

Other Structures At 619 Pine, Old City, Nanaimo

Storage Shed

Lot Features Of 619 Pine, Old City, Nanaimo

Central Location, Cul-De-Sac, Easy Access, Family-Oriented Neighbourhood, Irregular Lot, Landscaped, Level, Park Setting, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure

Location Features:

Bike Storage, Transit Nearby

Listed by Stonehaus Realty Corp..