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! (id:44056)

Property Details

Full Address:
58 Pine St, Nanaimo, British Columbia
Price:
$ 634,900
MLS Number:
1040315
List Date:
June 12th, 2026
Lot Size:
6970 sq.ft.
Year Built:
1930
Taxes:
$ 4,215

Interior Features

Bedrooms:
6
Bathrooms:
6
Total Rooms:
Air Conditioning:
Air Conditioned
Heating:
Heat Pump
Fireplaces:
1

Building Features

Zoning:
Residential
Zoning Detail:
R14
Garage:
Open, Street
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 4,215

Floors

Finished Area:
2451 sq.ft.

Land

View:
Mountain view, Ocean view
Lot Size:
6970 sq.ft.
Lot Features:
Other

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jenney Massey Pemberton Holmes Ltd. (Cow Vall)
778-971-1517
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Listing Agent(s)

Lead Agent: Jenney Massey
Office: Pemberton Holmes Ltd. (Cow Vall)
Originating Board: Vancouver Island Real Estate Board
Co-Listing: Ally Earle
Pemberton Holmes Ltd. (Lk Cow)

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