1,384 sqft

C$699,000

532 Prideaux St, Nanaimo BC, V9R 2N7

Price per sqftC$505.06

Property size1,384 sqft

Property typeCommercial

Courtesy of Real Broker

Overview

Active

Listed May 13, 2026

Updated Jun 3

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.

Additional information

MLS^® ID: 1036560

Interior Features

Basement: No

Exterior Features

Lot Size: 0.2 Acres

Other Property Details

Taxes: $3,291
Tax Frequency: Annually

Courtesy of Real Broker, Kelly Whitton

Listing Contact: 250-933-5333

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