532 Prideaux St, NANAIMO

2026-05-15

532 Prideaux St, NANAIMO, British Columbia

For Sale Multi-family

$699,000

MLS®#1036560

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 atmosphereâan 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 solutionâoffering 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:32467)

Building	Multi-family
Rooms
Bedrooms
Bathrooms	0
Square Footage	0 ft²
Built in
Parking Type
Neighbourhood	NANAIMO

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Your One Percent Realty
Commission savings^†

$500,000

^† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 2.5% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

What do you charge?

Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950

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Yes, and yes.

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Joe Squire

REALTOR ® MBA

joe@joesquire.com

(250) 802-5899

Support Area:
Nanaimo,Cedar,Lantzville,Ladysmith,Saltair,Nanoose,Old City,North Nanaimo,South Nanaimo,Central Nanaimo,Departure Bay,Hammond Bay,Diver Lake,Extension,Chase River,Pleasant Valley

Professional Nanaimo Real Estate Sales & Marketing: Specializing in Nanaimo and the Central Island Region 15 year award winning Realtor® offering full MLS® access, advertising, and professional marketing services. My commitment is to make buying or selling your home an informative and enjoyable experience for you.I will help show you how you can keep more of your hard earned...

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