532 Prideaux St, Nanaimo BC V9R 2N7

$699,000 · For Sale

Commercial Sale

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 details

Property type
Commercial Sale
Lot size
8793

Photographs

532 Prideaux St, Nanaimo — photograph 1532 Prideaux St, Nanaimo — photograph 2532 Prideaux St, Nanaimo — photograph 3532 Prideaux St, Nanaimo — photograph 4532 Prideaux St, Nanaimo — photograph 5532 Prideaux St, Nanaimo — photograph 6532 Prideaux St, Nanaimo — photograph 7532 Prideaux St, Nanaimo — photograph 8532 Prideaux St, Nanaimo — photograph 9532 Prideaux St, Nanaimo — photograph 10532 Prideaux St, Nanaimo — photograph 11532 Prideaux St, Nanaimo — photograph 12