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$604,000
532 Prideaux St Nanaimo, BC V9R 2N7
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.
Property Details
MLS #:
997288
ID #:
28899980
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Old City
Status:
Active
Lot Size:
0.20 acres
Property Tax:
$3,291 (2024)
Days on Market:
263 days
Listing provided by REMAX Professionals (NA)
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Contact Information
Kelly Whitton
Personal Real Estate Corporation
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Location
532 Prideaux St , Nanaimo, BC V9R 2N7