$699,000
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532 Prideaux St, Nanaimo, BC V9R2N7

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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 atmospherean 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 solutionoffering 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:58753)

Listing By: Kelly Whitton - Real Broker
Source: CREA #1036560 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 1036560
  • Date Listed05/14/2026
  • Days on Realty 136 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 8,793 sq. ft

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 8,793.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R2N7

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9R2N7

Source: Walk Score

86/100

Very Walkable

Walk Score ®

57/100

Good Transit

Transit Score ®

53/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

26 nearby routes: 25 bus, 0 rail, 1 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Points of Interest near 532 Prideaux St, Nanaimo, BC V9R2N7

Frequently Asked Questions for 532 Prideaux St

Source: Realty.com

532 Prideaux St, Nanaimo, BC V9R2N7 in Nanaimo, BC V9R2N7 is a multi family listed at $699,000. Realty.ca has 47 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 47 photos of 532 Prideaux St.

The full address for this home is 532 Prideaux St, Nanaimo, BC V9R2N7.

532 Prideaux St has been listed on Realty.com since Thu May 14, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Listing provided courtesy of: Real Broker
Listing agent: Kelly Whitton

This content last refreshed on 2026-09-27 21:12:23. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.