Address
532 Prideaux St, Nanaimo, BC
Price
$ 699,000
Property Attributes
- MLS#1036560
- TypeCommercial
- Listing Status Active
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Old City
- Postal CodeV9R 2N7
- StyleMulti Family
- Taxes$ 3291
- Price$ 699,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1384
- 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
| Property Subtype | Multi Family |
|---|---|
| Property Type | Commercial Sale |
| Commercial Area | Core (excl Downtown) |
| Commercial Listing Type | Building,Land |
Interior Features
| Total Units | 1 |
|---|
Exterior Features
| Building Area Total | 1384.00 |
|---|---|
| Lot Size Square Feet | 8793.00 |
| Lot Size Acres | 0.20 |
| Parking Onsite 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 Commercial Average in V9R 2N7
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