532 Prideaux St, Nanaimo, BC
$604,000
Square feet
Acres
About 532 Prideaux St
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.
Commercial Sale home for sale in Nanaimo, BC at 532 Prideaux St. This Commercial Sale home is priced at $436/sqft
Features of 532 Prideaux St
| MLS® # | 997288 |
|---|---|
| Price | $604,000 |
| Square Footage | 1,384 |
| Acres | 0.20 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Nanaimo
| Address | 532 Prideaux St |
|---|---|
| Area | Na Old City |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9R 2N7 |
Amenities of 532 Prideaux St
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior of 532 Prideaux St
| Fireplace | No |
|---|
Additional Information On 532 Prideaux St
| Date Listed | May 1st, 2025 |
|---|---|
| Days on Market | 185 |
| Office | RE/MAX of Nanaimo |