Address
532 Prideaux St, Nanaimo, BC
Price
$ 699,000
Property Attributes
- ID#1036561
- TypeSingle Family
- Listing Status Active
- MunicipalityNanaimo
- CityNanaimo
- AreaNanaimo
- NeighbourhoodOld City
- Postal CodeV9R 2N7
- Style
- Year Built1910
- Price$ 699,000
- Bedrooms3
- Bathrooms2
- Half Bathrooms0
- Sqr Footage1334
Data Source:
Canadian Real Estate Association (CREA)
Property 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:7434)
General Features
| Property Type | Single Family |
|---|---|
| Zoning Description | R15 |
| ZoningType | Residential |
| Neighbourhood | Old City |
| Building Cooling Type | None |
| Parking Space Total | 4 |
| Building Type | House |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Living Area Range | 1334 |
| Bedrooms | 3 |
Exterior Features
| ViewType | Ocean view |
|---|
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bathroom | 7 ft x 6 ft | Main level | 6 ft | |
| Bedroom | 12 ft x 12 ft | Main level | 12 ft | |
| Entrance | 12 ft x Measurements not avail | Main level | ||
| Kitchen | 17'3 x 13'7 | Main level | ||
| Living room | 17'3 x 18'3 | Main level |
Amenities
- Views
- 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
Year Built
In The Neighbourhood
Open House
Nanaimo
$ 799,000
- Type
- Single Family
- Size
- 2,582 SqFt
- Rooms
- 6 Beds + 2 Baths
Team 3000 Realty Ltd
Nanaimo
$ 717,500
- Type
- Single Family
- Size
- 1,755 SqFt
- Rooms
- 4 Beds + 4 Baths
HOMELAB Real Estate Group
Nanaimo
$ 1,050,000
- Type
- Single Family
- Size
- 2,993 SqFt
- Rooms
- 7 Beds + 3 Baths
REMAX Professionals (NA)
Nanaimo
$ 689,900
- Type
- Single Family
- Size
- 2,196 SqFt
- Rooms
- 3 Beds + 2 Baths
Royal LePage Nanaimo Realty (NanIsHwyN)
Nanaimo
$ 729,500
- Type
- Single Family
- Size
- 1,755 SqFt
- Rooms
- 4 Beds + 4 Baths
HOMELAB Real Estate Group
Nanaimo
$ 568,000
- Type
- Single Family
- Size
- 710 SqFt
- Rooms
- 3 Beds + 1 Baths
Sutton Group-West Coast Realty (Nan)
