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British Columbia
Nanaimo
532 Prideaux St

$604,000

Nanaimo BC, V9R 2N7

MLS® # 997288

Property Information:

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 Features:

Annual Tax Amount: $3,291
Floor Space (approx): 1384 Square Feet
Lot Frontage: 8793 Square Feet
Lot Size: 8793.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family

Courtesy of: RE/MAX of Nanaimo

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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⚠ Potential Investment Performance

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Market Price Trends

Location of 532 Prideaux St, Nanaimo, BC, V9R 2N7

Lifestyle
Neighbourhood

Demographic Information of 532 Prideaux St, Nanaimo, BC, V9R 2N7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,880.57

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.73 %

High school certificate or equivalent

29.87 %

Apprenticeship trade certificate/diploma

9.41 %

College/non-university certificate

18.76 %

University certificate (below bachelor)

2.73 %

University Degree

24.5 %

Commuter

Travel To Work

By Car

71.36 %

By Public Transit

8.36 %

By Walking

16.2 %

By Bicycle

1.42 %

By Other Methods

2.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.5 %

Houses

43.5 %

Own Vs. Rent