101-309 116 Prideaux St
Nanaimo, BC V9T2T6
$6,000,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 17,630 square feet
- Zoning
- Unknown
DT8
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $33,017
Interior
- Fireplace
- None
Parking
- Total spaces
- 24
Listing Information
- MLS®
- 1039946
- Listed
- June 9, 2026
- Time on market
- On the market for 83 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty (NA) · Data source: CREA DDF.
Description
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:63159)
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
48
7/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Pauline Haarer Elementary | Elementary | 170 m |
| Fairview Elementary | Elementary | 861 m |
| Brechin Elementary | Elementary | 1.4 km |
| Secondaire de Nanaimo | Secondary | 1.4 km |
| Nanaimo District Secondary | Secondary | 1.4 km |
| Georgia Avenue Elementary | Elementary | 1.6 km |
| Bayview Elementary | Elementary | 1.7 km |
| John Barsby Secondary | Secondary | 2.2 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- The Masala Culture · 428 Fitzwilliam Street273 m
- Mrs. Riches Restaurant · 199 Fraser Street285 m
- Waffle Magic · 427 Fitzwilliam Street308 m
- Flamez Chicken · 299 Wallace Street347 m
- Bistro Taiyo · 321 Wesley Street352 m
Cafes (5+)
- La Isla Café220 m
- Kitties and Cream · 437 Fitzwilliam Street292 m
- Bocca Café · 427 Fitzwilliam Street296 m
- Tim Hortons · 15 Wallace Street300 m
- Real Food Café · 321 Wesley Street351 m
Grocery (2)
- The Green Store: Discount Organic · 256 Wallace Street331 m
- ManLee Oriental · 385 Terminal Avenue551 m
Parks (5+)
- Comox Park · 445 Comox Road224 m
- Sid Clark Gyro Park · 850 Wentworth Street299 m
- Pioneer Cemetery Park · 10 Wallace Street341 m
- Lions Square Park · 280 Wallace Street354 m
- Pearson Park550 m
Gyms (3)
- Force Boxing & Fitness · 165 Fraser Street295 m
- Iyengar Yoga Nanaimo · 335 Wesley Street377 m
- Kind Society Yoga660 m
Pharmacies (2)
- Wallace Pharmacy248 m
- Central Drugs704 m
Banks & ATMs (4)
- Royal Bank of Canada · 205 Commercial Street510 m
- Scotiabank · 65 Commercial Street580 m
- Scotiabank · 65 Commercial Street598 m
- Coastal Community Credit Union · 59 Wharf Street623 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,200,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.