EXPLORE HOMES FOR SALE
The Old City Downtown neighbourhood is the historic heart of Nanaimo, offering a unique blend of character homes, waterfront condos, and modern urban developments. Real estate listings here include beautifully preserved heritage houses dating back to the late 1800s and early 1900s, along with contemporary condos and townhomes that provide low-maintenance living close to amenities.
Homes For Sale in Downtown Nanaimo
695 Franklyn St
Nanaimo
V9R 2Y1
$689,000
Residential
beds: 5
baths: 4.0
3,646 sq. ft.
built: 1910
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1050951
- Bedrooms:
- 5
- Bathrooms:
- 4
- Year Built:
- 1910
- Photos (17)
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Income today, potential for tomorrow! 695 Franklyn Street pairs Old City Quarter character with reported rental income of approximately $4,500 per month. Close to Nanaimo’s eclectic downtown, this charming home offers an exciting opportunity for investors seeking rental revenue and future development possibilities. R14 zoning presents potential to explore a fourplex with suites, or retain the existing home and investigate adding a carriage home, subject to City confirmation and approvals. Continue as a rental holding or make it your Vancouver Island home with mortgage-helping income. Character, location and opportunity—all in one property. Buyers must confirm permitted uses and development feasibility with the City of Nanaimo. All measurements are approximate and must be verified if important.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1910 (Age: 116)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 3,646 sq. ft.
- Listing General Location:
- Na Old City, Nanaimo
- Bedrooms:
- 5
- Bathrooms:
- 4.0 (Full:-/Half:-)
- Lot Size:
- 6,732 sq. ft.
- Kitchens:
- 2
- Home Style:
- West Coast
- Taxes:
- Signup
- Construction:
- Insulation: Ceiling, Insulation: Walls, Vinyl Siding
- New Construction:
- No
- Basement:
- Finished
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Levels:
- 3
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 3,646 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 5
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 1
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 1
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 1
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 1
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 1,337 sq. ft.
- Living Area Main Floor:
- 1,337 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 972 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Additional Accommodations:
- Exists
- Cooling:
- None
- Heating:
- Forced Air, Natural Gas
- Fireplace:
- No
- Pending Date:
- Signup
- Garden
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- 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
- 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:
- 4
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- Southwest
- Layout:
- Ground Level Entry With Main Up
- Lot Site Features:
- Central Location, Shopping Nearby, Sidewalk
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Open
- Total Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Oct 01, 2026
- Original Price:
- 689000.0
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Listed by Real Broker
Data was last updated October 27, 2026 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 56
- Avg list price:
- $539,900
- Min list price:
- $165,000
- Max list price:
- $1,245,000
- Avg days on market:
- 70
- Min days on market:
- 7
- Max days on market:
- 685
- Avg price per sq.ft.:
- $496.39
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- PAUL HENNESSY
- ROYAL LEPAGE
- 1 (250) 7296407
- Contact by Email
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About Old City Downtown
Many properties are located on hillside streets overlooking Nanaimo Harbour, offering scenic ocean views and walkable access to restaurants, shops, parks, and the waterfront promenade. Buyers are drawn to the Old City for its historic charm, vibrant culture, and strong investment potential, with a mix of restored character homes, live-work spaces, and new residential developments continuing to enhance the area.
With its central location, architectural character, and growing revitalization, Old City Downtown remains a popular choice for buyers seeking unique homes and urban lifestyle opportunities in Nanaimo’s dynamic real estate market.
LET’S WORK
TOGETHER!
Paul Hennessy
250 729 6407
Office: 250.248.4321
173 W. Island Highway N.
Parksville, BC, V9P 2H1
Paul Hennessy
250 729 6407
Office: 250.248.4321
173 W. Island Highway N.
Parksville, BC, V9P 2H1