532 Prideaux St new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 2N7
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,334 sqft
Price per Sqft $523
MLS Listing ID 996747
Style Main Level Entry with Lower Level(s)
Bedrooms 3
Year Built 1910
Annual Tax Amount $3,291
Tax Year 2024
Lot Size 8,712 Sqft
Property Sub-Type Single Family Detached
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.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning R15
Rooms
Kitchen 1
Interior
Heating Forced Air,Natural Gas
Cooling None
Flooring Mixed
Laundry In House
Exterior
Parking Features Driveway
View Y/N Yes
View Ocean
Roof Type Asphalt Shingle
Building
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood
Others
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs