$ 639,000
British Columbia Nanaimo
38 Photos
532 Prideaux St, Nanaimo, BC V9R2N7 Photo 2
532 Prideaux St, Nanaimo, BC V9R2N7 Photo 3
532 Prideaux St, Nanaimo, BC V9R2N7 Photo 4
532 Prideaux St, Nanaimo, BC V9R2N7 Photo 5

532 Prideaux St, Nanaimo

  • Added: 4 months ago
  • Updated: 2 weeks ago
  • Last Checked: 1 week ago
  • Listed by: REMAX Professionals
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Listing description
This Other at 532 Prideaux St Nanaimo, BC with the MLS Number 997288 listed by Kelly Whitton - REMAX Professionals on the Nanaimo market 4 months ago at $639,000.

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:1945)
Property Details Key information about 532 Prideaux St
  • Structure Type: Multi-Family
Exterior & Lot Features Learn about the exterior and lot specifics of 532 Prideaux St
  • Lot Size Units: square feet
  • Lot Size Dimensions: 8793
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Nearby Listings Stat Estimated price and comparable properties near 532 Prideaux St

Active listings
364
Min Price
$55,000
Max Price
$3,750,000
Avg Price
$703,373
Days on Market
66 days
Sold listings
106
Min Sold Price
$138,000
Max Sold Price
$7,403,000
Avg Sold Price
$745,356
Days until Sold
64 days

Nearby Places Nearby schools and amenities around 532 Prideaux St

Firehouse Grill (0.4 km)
7 Victoria Rd, Nanaimo

Mambo Gourmet Pizza (0.4 km)
16 Victoria Crescent, Nanaimo

ACME FOOD CO (0.4 km)
14 Commercial St, Nanaimo

The Keg Steakhouse & Bar - Nanaimo (0.5 km)
350 Robson St, Nanaimo

Bistro Taiyo Japanese Restaurant (0.5 km)
321 Wesley St, Nanaimo

Asteras (0.6 km)
347 Wesley St, Nanaimo

Mon Petit Choux (0.6 km)
101 Commercial St, Nanaimo

Tina's Diner (0.7 km)
187 Commercial St, Nanaimo

Modern Cafe (0.7 km)
221 Commercial St, Nanaimo

Thrifty Foods (0.5 km)
650 Terminal Ave, Nanaimo

Nanaimo Museum (0.5 km)
100 Museum Way, Nanaimo

Oxy Pub & Liquor Store (0.6 km)
432 Fitzwilliam St, Nanaimo

Gina's Mexican Cafe (0.9 km)
47 Skinner St, Nanaimo

Nanaimo Harbour Water Airport (1 km)
Nanaimo

Price History

May 2, 2025
by REMAX Professionals
$639,000
532 Prideaux St
More Details?
Kelly Whitton

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