532 Prideaux St Nanaimo, British Columbia V9R 2N7
$699,000
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:48643)
Property Details
| MLS® Number | 996747 |
| Property Type | Single Family |
| Neigbourhood | Old City |
| Parking Space Total | 4 |
| View Type | Ocean View |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 3 |
| Constructed Date | 1910 |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,668 Ft2 |
| Total Finished Area | 1334 Sqft |
| Type | House |
Parking
| Stall |
Land
| Acreage | No |
| Size Irregular | 8793 |
| Size Total | 8793 Sqft |
| Size Total Text | 8793 Sqft |
| Zoning Description | R15 |
| Zoning Type | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Bathroom | 4 ft | Measurements not available x 4 ft | |
| Main Level | Bathroom | 7 ft | 6 ft | 7 ft x 6 ft |
| Main Level | Bedroom | 15'10 x 12'8 | ||
| Main Level | Bedroom | 12'6 x 12'9 | ||
| Main Level | Bedroom | 12 ft | 12 ft | 12 ft x 12 ft |
| Main Level | Kitchen | 17'3 x 13'7 | ||
| Main Level | Living Room | 17'3 x 18'3 | ||
| Main Level | Entrance | 12 ft | 12 ft x Measurements not available |
https://www.realtor.ca/real-estate/28246966/532-prideaux-st-nanaimo-old-city
Contact Us
Contact us for more information
Kelly Whitton
Personal Real Estate Corporation
www.thevipropertygirl.com/
www.facebook.com/thevipropertygirl/
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
(250) 751-1223
(800) 916-9229
(250) 751-1300
www.remaxofnanaimo.com/
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May 15 2025 05:12:49
Vancouver Island Real Estate Board
RE/MAX Of Nanaimo