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Dylon Paul

eXp Realty

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Kelly Whitton Real Broker

$ 699,000

Est. payment -/mo

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Active

532 Prideaux St Nanaimo, BC V9R 2N7

1,384 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,384 sqft

Price per Sqft $505

MLS Listing ID 1036560

HOA Y/N No

Annual Tax Amount $3,291

Tax Year 2025

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

Community Na Old City

Area Nanaimo

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

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