For Sale: 532 Prideaux Street, Nanaimo, BC - REW
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$699,000
3 bd • 2 ba • 1334 sf • House
532 Prideaux Street
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$699,000
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532 Prideaux StreetNanaimo, BC, V9R 2N7

Old City
  • 3 Bed
  • 2 Bath
  • 1334 Sqft
  • House

About this home

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.
Listed by: Kelly Whitton PREC*, Real Broker

Home facts and features

Price details
List Price
$699,000
Get Pre-Approved
Gross Taxes for 2025
$3,291
Home facts
Bedrooms
3
Full Bathrooms
2
Parking Spaces
4
Parking Details
Driveway
Property Type
House
Lot Size
8793 ft²
Year Built
Built in 1910 (116 yrs old)
Title
Freehold
Style
Main Level Entry with Lower Level(s)
Exterior Finish
Frame Wood
Heating Type
Forced Air, Natural Gas
Basement Details
Not Full Height
Community
Agent details
Primary Agent
Primary Broker
Real Broker
Listing details
Days on REW
25 Days
Property Views
833
MLS® Number
1036561
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Fairview School
  • Public
  • Pre-K - 7
  • In Catchment
Nanaimo District Secondary School
  • Public
  • 8 - 12
  • In Catchment
Pauline Haarer Elementary School
  • Public
  • K - 7
John Barsby Community School
  • Public
  • 8 - 12
The High School at VIU
  • Independent
  • 10 - 12
Discover Montessori School
  • Independent
  • K
Quarterway School
  • Public
  • Pre-K - 7
Nanaimo Christian School
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Kelly Whitton PREC*
Phone:
250-933-5333
Cell:
250-933-5333
Office:
888-828-8447
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.