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$699,000
British Columbia,Nanaimo
For Sale Active
532 Prideaux St, Nanaimo, British Columbia V9R2N7
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Basic Details
Description

This centrally located property in the heart of Nanaimo offers an exceptional opportunity for small to mid-scale developers looking to enter or expand within the multi-family market. Currently operating as a single-family residence with consistent rental revenue, the true value lies in the development potential already unlocked. The City of Nanaimo has approved a development permit for a well-designed fourplex

consisting of four three-bedroom units, each with family-oriented floorplans and private exterior balconies. Notably, two of the units will feature limited ocean views. Designed with both community and privacy in mind, each unit features a townhouse-style entry with its own exterior door. This layout not only enhances curb appeal but fosters a sense of individual identity and ownership while still creating a cohesive community atmosphere—an increasingly desirable feature among modern homebuyers. This project is a rare find in the Nanaimo market, where new three-bedroom units are in short supply. The design directly addresses the growing demand for attainable housing by providing family-sized units that can serve both the end-user homeowner and the long-term investor. The development fulfills all City parking requirements and has been thoughtfully conceived as a missing middle solution—offering practical density without compromising livability or neighborhood character. With the Development Permit in place and a well-positioned floorplan design in a supply-constrained market, this is a strong candidate for a build-to-sell or build-to-hold strategy. Measurements Approx. Verify if important. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 1036560
  • Price: $699,000
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 295087
Address Map
  • Location: CA, British Columbia, Nanaimo, V9R2N7
  • Street: Prideaux
  • Street Number: 532
  • Street Suffix: Street
  • Longitude: W124° 3' 40.4''
  • Latitude: N49° 9' 38.1''
  • Zoning: Unknown
Additional Information
  • Lot Size Dimensions: 8793
  • Number Of Units Total: 1
Financial
  • Tax Annual Amount: 3291
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Listing updated: 2026-06-16 10:58:16
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Listing Information
  • List Agent Key: 1993391
  • List Office Key: 295087
  • Modification Timestamp: 2026-06-02T21:10:35Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-06-02T21:03:14Z
Powered by REALTOR.ca
Listing updated: 2026-06-16 10:58:17
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