101-309 116 Prideaux St

101-309 116 Prideaux St · Nanaimo · Multi-Family · $6,000,000 · MLS 1039946

Nanaimo, British Columbia

C$6,000,000

For sale

101-309 116 Prideaux St is located in Nanaimo. Property snapshot: Multi-Family, listed at $6,000,000, MLS 1039946. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 2. Latest recorded list price 6000000.00.

List Price: $6,000,000

MLS: 1039946

Days on Site: 2

Price History: Latest recorded list price 6000000.00

Local Decision Guide

How should buyers evaluate 101-309 116 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.

Listing FAQ

What is the current list price for 101-309 116 Prideaux St?

This page shows a list price of $6,000,000 with MLS 1039946.

What type of home is this Nanaimo listing?

The page shows Multi-Family at 101-309 116 Prideaux St. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 2 days on market/site. Latest recorded list price 6000000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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Remarks

Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement. (id:56153)