Electrical impedance properties of different type of carbon nanotubes based bulk electrodes have been investigated to develop chemical and biosensors. The bulk composite electrodes were fabricated with single-wall and multi-wall carbon nanotubes involving ionic conducting host polymer, Nafion, by using traditional solution-casting techniques. Under the various amounts of buffer solution, resistance and capacitance of the electrodes were measured with LCR meter and their characteristics due to ionic conducting host polymer were investigated by means of electrokinetic analysis. The capacitance values showed drastic change while the resistances only changed within few percent ranges. Electrical impedance measurement provided rapid and simple sensing mechanism to develop chemical sensor and biosensors with bulk nano electrodes.