Address
532 Prideaux St, Nanaimo, BC
Price
$ 699,000
Property Attributes
  • MLS#1036561
  • TypeSingle Family
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 2N7
  • StyleSingle Family Detached
  • Year Built1910
  • Taxes$ 3291
  • Price$ 699,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1334
  • Lot Size0.2 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

This downtown Nanaimo property offers a rare opportunity for small to mid-scale developers entering the multi-family market. While currently generating rental income as a single-family home, its true value lies in the approved development permit for a fourplex with four three-bedroom units. Each unit features a family-friendly layout, private exterior balcony, and townhouse-style entry. Two units will enjoy limited ocean views. This design balances privacy and community—features today’s buyers value. New three-bedroom builds are scarce in Nanaimo, making this project especially appealing. It meets all required parking and exemplifies “missing middle” housing by delivering practical density without sacrificing livability. With approvals in place and attractive floorplans, this is an excellent build-to-sell or build-to-hold opportunity in a market with high demand and low supply. Measurements Approx. Verify if important.

General Features

Living Area 1334.00
Sewer Sewer Connected
Heating Forced Air,Natural Gas
Cooling None
Roof Asphalt Shingle
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
Zoning R15
View Ocean
Property Subtype Single Family Detached
Property Type Residential
Parking Total 4
Construction Materials Frame Wood
Zoning Type Residential
Bathrooms Count Main Level 2

Interior Features

Basement Not Full Height
Flooring Mixed
Basement Y/N Yes
Total Kitchens 1
Laundry Features In House
Living Area Third 0.00
Living Area Second 0.00
Living Area Other 0.00
Living Area Main 1334.00
Living Area Lower 1334.00
Kitchens Count Main Level 1
Building Area Unfinished 1334.00
Bedrooms Or Dens Total 3
Bedrooms Count Main Level 3
Bath 3 Piece Total 2
Basement Height Feet 6

Exterior Features

Water Source Municipal
Parking Features Driveway
Foundation Poured Concrete
Building Area Total 2668.00
Lot Size Square Feet 8793.00
Lot Size Acres 0.20
View YN Yes
Driveway YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in V9R 2N7

Price
AVG $700K
$700K
Taxes
AVG $3,291
$3,291
Year Built
AVG 1910
1910
Visits
AVG 294
284
Data Provided by Inside Real Estate®

Areas We Cover