Nanaimo, BC V9R 2N7,532 Prideaux St
Nanaimo, BC V9R 2N7,532 Prideaux St
Nanaimo, BC V9R 2N7,532 Prideaux St
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$650,000
Est. payment /mo
8,712 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 997288

Rental Info Unrestricted

Annual Tax Amount $3,291

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi Family

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 Na Old City

Exterior

Parking On Site 1

Others

Pets Allowed Yes

Tax ID 008-519-501

Ownership Freehold


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Listed by RE/MAX of Nanaimo
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