Open House Apr 3rd, 2-4PM

58 Pine Street

$689,900 | Old City, Nanaimo

58 Pine Street, Old City, Nanaimo

About this House

Investor Alert – 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 owner & 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!

Lot Features Of 58 Pine, Old City, Nanaimo

Landscaped

Listed by Pemberton Holmes Ltd. (Dun)/Pemberton Holmes Ltd. (Lk Cow).

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Features

  • MLS®: 1030696
  • Type: House
  • Bedrooms: 6
  • Bathrooms: 6
  • Square Feet: 2,451 sqft
  • Lot Size: 6,970 sqft
  • Taxes: $4,215 (2025)
  • Parking: 6 Driveway, On Street, Open
  • Fireplaces: 1
  • Year Built: 1930