Investor Alert – Income Property in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential and zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level features charming character with 2-bedroom, 1-bath main living & peek-a-boo ocean views from the back deck. Downstairs there are four bedroom/studio-style rental units, each with its own entrance and 2-piece bath (no kitchens), shared laundry and shower facilities and 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!
Address
58 Pine St
List Price
$714,999
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Bedrooms
6
Bathrooms
6
Floor Area
2,451 Sq. Ft.
Lot Size
6969.6 Ac.
Lot Size (Acres)
0.16 Ac.
Year Built
1930
MLS® Number
1017806
Listing Brokerage
Pemberton Holmes Ltd. (Ldy)
| Pemberton Holmes Ltd. (Lk Cow)
| Pemberton Holmes Ltd. (Dun)
Basement Area
Full
Postal Code
V9R 2B2
Tax Amount
$4,215.00
Tax Year
2025
Features
Heat Pump, Insulated Windows, Mixed
Amenities
Landscaped
Pemberton Holmes Real Estate