619 Pine St in Nanaimo: Na Old City Single Family Residence for sale : MLS®# 1051042

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.

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1955 (Age: 71)

Close Price Lease Total:: Signup

Existing Lease Expiry:: Signup

Living Area:: 2,093 sq. ft.194 m2

Auxiliary Building Living Area:: 0 sq. ft.0 m2

Main Building Living Area:: 2,093 sq. ft.194 m2

Listing General Location:: Na Old City, Nanaimo

Bedrooms:: 5

Bathrooms:: 2.0 (Full:-/Half:-)

Lot Size:: 9,321 sq. ft.866 m2

Kitchens:: 2

Home Style:: West Coast

Taxes:: Signup

Additional Info:

Building Features:: Bike Storage, Transit Nearby

Construction:: Insulation: Ceiling, Insulation: Walls, Vinyl Siding

New Construction:: No

Basement:: Finished, Full, Walk-Out Access, With Windows

Foundation:: Slab

Electricity:: Yes

Roof:: Asphalt Shingle

Levels:: 2

Other Structures:: Storage Shed

Ceiling Heights:: Signup

Floor finish:: Mixed

Total Building Area:: 2,316 sq. ft.215 m2

Total Unfinished Area:: 223 sq. ft.20.7 m2

Commercial Area:: Signup

# Bedrooms or Dens Total:: 5

# Main Level Bedrooms:: 2

# Second Level Bedrooms:: 0

# Third Level Bedrooms:: 0

# Lower Level Bedrooms:: 3

# Other Level Bedrooms:: 0

# Main Level Bathrooms:: 1

# Second Level Bathrooms:: 0

# Third Level Bathrooms:: 0

# Lower Level Bathrooms:: 1

# Other Level Bathrooms:: 0

# Main Level Kitchens:: 1

# Second Level Kitchens:: 0

# Third Level Kitchens:: 0

# Lower Level Kitchens:: 1

# Other Level Kitchens:: 0

Living Area Lower Floor:: 974 sq. ft.90.5 m2

Living Area Main Floor:: 1,119 sq. ft.104 m2

Living Area Other Floor:: 0 sq. ft.0 m2

Living Area 2nd Floor:: 0 sq. ft.0 m2

Living Area 3rd Floor:: 0 sq. ft.0 m2

Fireplaces:: 0

Fireplace Details:: Roughed-In

Laundry Features:: Common Area, In House

Water supply:: Municipal

Sewer:: Sewer To Lot

Cooling:: None

Heating:: Electric, Forced Air, Natural Gas

Fireplace:: No

Warranty:: No

More Info Available:

Pending Date:: Signup

Appliances Included:

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

Interior Features:

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

Window Features:

Insulated Windows, Vinyl Frames, Window Coverings

Exterior Features:

Fencing: Full, Garden, Low Maintenance Yard

View:

City, Mountain(s)

Entry Location:

Main Level

Minimum Age:

BBQ Allowed:

Yes

Smoking Bylaw:

Rent Allowed:

Unrestricted

Room Information:

Floor
Type
Size
Other

Main Floor

Lower Level

Bathrooms:

Floor
Ensuite
Pieces
Other

Main Floor

Lower Level

Financial Info:

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

Legal Info:

Jurisdiction name:: City of Nanaimo

Legal Description:: Signup

Zoning:: R-8

Other Details:

Bed and Breakfast:: None

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

Occupancy:: Tenant

Property Condition:: Fixer, Resale

Land Info:

Utilities:: Cable Available, Electricity Connected, Garbage, Natural Gas Connected, Phone Available, Recycling, Underground Utilities

Exposure / Faces:: Northeast

Layout:: Main Level Entry with Lower Level(s)

Lot Site Features:: 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