532 Prideaux St

Nanaimo, British Columbia
C$699,000

Local Decision Guide

How should buyers evaluate 532 Prideaux St?

Start by reading this listing in its Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

For sale
532 Prideaux St

Remarks

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:56153)

Property Details

House
Building Type
3
Bedrooms
2
Bathrooms
1910
Year Built
116 years
Age
23
Days on Site
8,793 sf
Lot Area
1,334 sqft
Interior Size
C$524
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29750112 (1036561)

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Site Context

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Property Summary

Price: C$699,000

Lot Area: 8,793 sf

PID: 008-519-501

Days on Site: 23 days

Added to BurnabyHouse: 2026-05-13

Updated on: 2026-06-02 03:03 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Superette
About 153.7 m away
ManLee Oriental
About 488.2 m away
385 Terminal Avenue
Shopping Centres
Old City Quarter
About 461.8 m away
Port Place Shopping Centre
About 619.2 m away
650 Terminal Avenue
Parks / Green Space
SAYSUTSHUN (NEWCASTLE ISLAND MARINE) PARK
About 1.7 km away
Class A · 0133 · 00
PETROGLYPH PARK
About 2.2 km away
Class A · 0043 · 00

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Tue, 02 Jun 2026 02:03:14 PM PDT

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