Property Type: Land / LotOwnership: Freehold

415 Prideaux St

Nanaimo, BC V9R2N6

$675,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
8,712 square feet
Zoning
Multi-Family

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,277

Interior

Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
4 — uncovered indicated
Features
Open

Listing Information

MLS®
1047194
Listed
August 18, 2026
Time on market
On the market for 13 days
Data last synced
August 28, 2026

Listing provided by: 460 Realty Inc. (NA) · Data source: CREA DDF.

Description

Situated on the high side of Prideaux Street in Nanaimo’s sought-after Old City, 415 Prideaux offers an excellent opportunity for builders and developers seeking a development site. This land-only property is zoned DT8 – Old City Mixed Use and benefits from rear lane/alley access. A development permit application has been submitted for a proposed five-unit multi-family townhouse development consisting of two buildings, designed with efficient, attainable construction in mind. An appealing entry-level development opportunity for developers. The elevated location may offer potential views. Conveniently located near downtown Nanaimo, shopping, services, restaurants and transportation. All information, zoning, development potential, dimensions, permits, servicing, plans, costs and proposed uses must be independently verified by the Buyer. The active development permit application does not constitute approval or guarantee future development potential. (id:63159)

Location Insights

Weather

Partly Cloudy

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

59

8/9 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

SchoolTypeDistance
Pauline Haarer ElementaryElementary705 m
Bayview ElementaryElementary1.1 km
Fairview ElementaryElementary1.1 km
Georgia Avenue ElementaryElementary1.2 km
Nanaimo District SecondarySecondary1.4 km
Secondaire de NanaimoSecondary1.4 km
John Barsby SecondarySecondary1.7 km
Learning AlternativesSecondary1.7 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+)

  • Flavours of India · 486 Franklyn Street173 m
  • Black Rabbit Kitchen · 321 Wesley Street214 m
  • Le Brunch Café · 366 Selby Street214 m
  • Asteras · 347 Wesley Street260 m
  • Indian Grill's283 m

Cafes (5+)

  • White Rabbit Coffee Co · 321 Selby Street202 m
  • Real Food Café · 321 Wesley Street310 m
  • Kitties and Cream · 437 Fitzwilliam Street328 m
  • Bocca Café · 427 Fitzwilliam Street331 m
  • La Isla Café395 m

Grocery (5+)

  • Superette265 m
  • ManLee Oriental · 385 Terminal Avenue424 m
  • The Green Store: Discount Organic · 256 Wallace Street471 m
  • Truong Thanh Specialty Asian Grocery701 m
  • Thrifty Foods · 650 Terminal Avenue738 m

Parks (5+)

  • Pawson Gyro Park · 410 Machleary Street277 m
  • Nob Hill Park · 400 Milford Crescent396 m
  • Durham Park · 423 Pine Street447 m
  • Lions Square Park · 280 Wallace Street457 m
  • Chesterlea Park · 343 Chesterlea Avenue498 m

Shopping (2)

  • London Drugs · 650 Terminal Avenue693 m
  • Port Place Shopping Centre · 650 Terminal Avenue716 m

Gyms (4)

  • Iyengar Yoga Nanaimo · 335 Wesley Street283 m
  • Force Boxing & Fitness · 165 Fraser Street627 m
  • Dolly's Gym · 111 Nicol Street653 m
  • Kind Society Yoga710 m

Pharmacies (2)

  • Central Drugs311 m
  • Wallace Pharmacy682 m

Banks & ATMs (5+)

  • Superette Foods - Bitcoin Well ATM · 687 Albert Street259 m
  • Scotiabank · 65 Commercial Street485 m
  • Scotiabank · 65 Commercial Street501 m
  • Royal Bank of Canada · 205 Commercial Street573 m
  • Coastal Community Credit Union · 59 Wharf Street579 m

Nearby places data: © OpenStreetMap contributors.

School district: Nanaimo-Ladysmith (SD68)

Mortgage & Ownership Cost Calculator

Minimum required: 6.3% ($42,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$540,000.00
Periodic payment — Principal & Interest (monthly)$3,483.90
Additional monthly expenses (strata, tax, utilities, etc.)$356.42
Total monthly cost$3,840.31
Interest paid over 5-yr term$154,765.55
Balance at end of term$485,731.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$42,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,863.70

Cash Needed at Closing

Minimum down payment$42,500
Estimated BC PTT$11,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$55,500

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.

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