Homes for sale - 532 Prideaux St, Nanaimo, BC V9R2N7

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BlueKey Realty Inc

agents@bluekeynl.com +1(709) 682-5556

$699,000

Est. payment - /mo

3 Beds

2 Baths

2,668 SqFt

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,668 sqft

Price per Sqft $261

Subdivision Old City

MLS® Listing ID 996747

Bedrooms 3

Originating Board Vancouver Island Real Estate Board

Year Built 1910

Lot Size 8,793 Sqft

Acres 8793.0

Property Sub-Type Freehold

Property Description

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 modern homebuyers. This project is a rare find in the Nanaimo market, where new three-bedroom units are in short supply. The design directly addresses the growing demand for attainable housing by providing family-sized units that can serve both the end-user homeowner and the long-term investor. The development fulfills all City parking requirements and has been thoughtfully conceived as a missing middle solution—offering practical density without compromising livability or neighborhood character. With the Development Permit in place and a well-positioned floorplan design in a supply-constrained market, this is a strong candidate for a build-to-sell or build-to-hold strategy. Measurements Approx. Verify if important. (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 1.0

Extra Room 1 Main level Measurements not available x 4 ft Bathroom

Extra Room 2 Main level 7 ft X 6 ft Bathroom

Extra Room 3 Main level 15'10 x 12'8 Bedroom

Extra Room 4 Main level 12'6 x 12'9 Bedroom

Extra Room 5 Main level 12 ft X 12 ft Bedroom

Extra Room 6 Main level 17'3 x 13'7 Kitchen

Interior

Heating Forced air,

Cooling None

Exterior

Parking Features No

View Y/N Yes

View Ocean view

Total Parking Spaces 4

Private Pool No

Others

Ownership Freehold

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Listed by RE/MAX of Nanaimo

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BlueKey Realty Inc

+1(709) 682-5556

532 Prideaux St Nanaimo, BC V9R2N7

BlueKey Realty Inc

Key Details

Location

Rooms

Interior

Exterior

Others

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532 Prideaux St