532 Prideaux St

Key facts

• Property type: Single Family
• Structure: House
• Transaction: For Sale
• Price: $699,000
• Bedrooms: 3
• Bathrooms: 2
• Interior size: 1,334 sqft
• Lot size: 8793
• Year built: 1910
• Parking: 4

Listing overview

This centrally located property in the heart of Nanaimo offers an exceptional opportunity for small to mid-scale developers looking to enter or expand within the multi-family market. Currently operating as a single-family residence with consistent rental revenue, the true value lies in the development potential already unlocked. The City of Nanaimo has approved a development permit for a well-designed fourplex consisting of four three-bedroom units, each with family-oriented floorplans and private exterior balconies. Notably, two of the units will feature limited ocean views. Designed with both community and privacy in mind, each unit features a townhouse-style entry with its own exterior door. This layout not only enhances curb appeal but fosters a sense of individual identity and ownership while still creating a cohesive community atmosphere—an increasingly desirable feature among mode...