NANAIMO

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Buying Your New Home

Let me help you every step of the way with your new home purchase. When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.

 

I will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. I will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.

 

I am always familiar with the current homes on the market, and I know neighborhood values well, so I can help you determine which properties are fairly-priced and in good condition before you start your search.

Your First Step

Your first step to buying a home is to first ask yourself why you want to buy a home: to stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house? Next, list what kind of home you'd like and where you would like to be. Be specific. Separate the "must haves" from the "want to haves."

 

Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighborhood, country); community (north, south, east, or west side); neighborhood (older and settled or sparkling new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). Ask yourself how many minutes you are willing to commute to work.

 

Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Consider size and kind of property. Do you want a newer home, or maybe an older one to fix up? Someday you or your heirs will want to sell. Consider how long you expect to live in this particular home.

Your Next Step: Loan Pre-Qualification

Once you have addressed the above needs, your next step in the purchasing process is to get pre-qualified with a mortgage company. This can be done over the phone or even online in a matter of minutes.

 

Call me and I will refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for his/her clients.

I Will Find The Right Homes For You

Once you've been pre-qualified and know what price range you want to stay in, I can help you determine which properties fit your needs by using the (MLS) Multiple Listing Service system to locate them.

 

I have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can even search my listings here at my website.

I Will Help You Every Step Of The Way

I will help you complete your financing and inspections, and close on the transaction. My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful.

Mortgage Calculator


This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.

556 Kennedy St
Na Old City Nanaimo V9R 2J7

$499,900
Residential beds: 4 baths: 2.0 1,500 sq. ft.

Main Photo: 556 Kennedy St in Nanaimo: Na Old City Single Family Residence for sale : MLS®# 1025874
Status:
Active
Prop. Type:
Residential
MLS® Num:
1025874
Bedrooms:
4
Bathrooms:
2
Excellent opportunity to get into the market at under $500,000. This 4 bed 2 bath 1500sqft home sits on a 7062sqft lot with DT11 zoning, which allows for a commercial and residential mix including restaraunts, offices and a live/work mix. The home has 2 electrical services with 2 bed 1 bath on the main floor with refinished hardwood floors, while the downstairs has an additional 2 bed 1 bath space with a canning kitchen. There is a detached powered workshop and shed in the back of the property to cater to your projects and hobbies.
Property Type:
Residential
Type:
Single Family Residence
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
1,500 sq. ft.
Listing General Location:
Na Old City, Nanaimo
Bedrooms:
4
Bathrooms:
2.0 (Full:-/Half:-)
Lot Size:
7,062 sq. ft.
Kitchens:
2
Home Style:
Character
Taxes:
Construction:
Frame Wood, Insulation All, Wood
New Construction:
No
Basement:
Not Full Height
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Asphalt Shingle
Ceiling Heights:
Floor finish:
Basement Slab
Total Building Area:
3,000 sq. ft.
Total Unfinished Area:
1,500 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
4
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
750 sq. ft.
Living Area Main Floor:
750 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Electric
Fireplace:
No
Pending Date:
F/S/W/D
Wood Frames
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Lower Level
Lower Level
Lower Level
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Lower Level
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Association Fee Year:
0
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT11
Accessibility:
Ground Level Main Floor
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
2
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Owner
Property Condition:
Fixer
Utilities:
Cable Connected, Electricity Connected, Phone Connected
Exposure / Faces:
Southwest
Layout:
Main Level Entry with Lower Level(s)
Lot Site Features:
Recreation Nearby, Shopping Nearby
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway
Total Parking Spaces:
4
Road Surface Type:
Paved
Total Units:
Date Listed:
Feb 11, 2026
Original Price:
499900.0
  • Photo 1: 556 Kennedy St in Nanaimo: Na Old City Single Family Residence for sale : MLS®# 1025874
    Photo 1 of 1
Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated February 12, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$614,000
Min list price:
$249,900
Max list price:
$1,730,000
Avg days on market:
58
Min days on market:
1
Max days on market:
429
Avg price per sq.ft.:
$488.67
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.
JOE SQUIRE
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.