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.
Data was last updated October 2, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
64
Avg list price:
$549,950
Min list price:
$165,000
Max list price:
$1,245,000
Avg days on market:
58
Min days on market:
1
Max days on market:
661
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.