We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
531 Kennedy St, NANAIMO
2026-06-23
Quick Summary
MLS®#1041190
Property Description
Turnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Multi-Family
Land
- Land Size: 9400 sqft
Ownership
- Type: Freehold
Zoning
- Description: R15
Information entered by NAI Commercial (Victoria) Inc.
Listing information last updated on: 2026-06-25 19:49:20
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
Yes, and yes.
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Joe Squire REALTOR ® MBA
- Phone:
- (250) 802-5899
- Mobile:
- (604) 626-9259
- Email:
- joe@joesquire.com
- Support Area:
- Nanaimo, Cedar, Lantzville, Ladysmith, Saltair, Nanoose, Old City, North Nanaimo, South Nanaimo, Central Nanaimo, Departure Bay, Hammond Bay, Diver Lake, Extension, Chase River, Pleasant Valley
Professional Nanaimo Real Estate Sales & Marketing: Specializing in Nanaimo and the Central I ...
Full ProfileKarelyn Campbell REALTOR®
- Phone:
- 250-618-8213
- Email:
- mynanaimohome@gmail.com
- Support Area:
- Nanaimo, Ladysmith, Lantzville
Nanaimo Real Estate Specialist!Karelyn is a second generation real estate agent serving the Nanaimo ...
Full ProfileJason Kerr REALTOR®, GSC
- Phone:
- 250-616-2098
- Email:
- kerr014@gmail.com
- Support Area:
- Nanaimo, Cedar, Cinnabar Valley, Ladysmith, Parksville, Vancouver Island
Let's do this together, Vancouver Island."Unlocking doors to dream homes and turning visions into re ...
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