For Sale · Nanaimo · Single Family

$649,900

58 Pine St, Nanaimo

Beds

Baths

2,451

Sq Ft

1930

Built

About This Home

The details.

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 & 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:66635)

Summarizing the highlights...

MLS® 1040315Listing courtesy of Pemberton Holmes Ltd. (Cow Vall)View on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1930
Size: 2,451 sqft
Lot size: 6,970 square feet
Parking: 6 spaces
Listed on: 2026-06-12
Days on market: 33
MLS number: 1040315
Data source: Vancouver Island Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$3,039

$519,920 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$3,039

Cash flow

-$3,039

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Nanaimo right now

216

Active listings

217

New this week

$749,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Nanaimo.

Household and demographic stats for Nanaimo, from the Statistics Canada 2021 Census.

99,863
Population (2021): 45.2
Median age: 43,165
Households: 2.3
Avg household size: 66.7%
Home ownership: $75,500
Median household income

Nanaimo market trends

Source: Statistics Canada 2021 Census, Nanaimo, City, British Columbia.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.