532 Prideaux St
Nanaimo, BC V9R2N7
$699,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 8,793 square feet
- Zoning
- Residential
R15
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,291
Interior
- Heating
- Forced air, Natural gas
- Cooling / A/C
- None
- Fireplace
- None
Exterior & Lot
- View
- Ocean view
Parking
- Total spaces
- 4 — uncovered indicated
- Features
- Stall
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | 12'6 |
| Bathroom | Main level | — |
| Bedroom | Main level | 12'8 x 15'10 |
| Bedroom | Main level | 12'9 x 12'6 |
| Bedroom | Main level | — |
| Kitchen | Main level | 13'7 x 17'3 |
| Living room | Main level | 18'3 x 17'3 |
| Entrance | Main level | 4'9 |
Listing Information
- MLS®
- 1036561
- Listed
- May 14, 2026
- Time on market
- On the market for 110 days
- Data last synced
- August 28, 2026
Listing provided by: Real Broker · Data source: CREA DDF.
Description
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:63159)
Values & Trends
This listing
$524/sqft
Building average
—
No other active listings in this building
Old City average
$418/sqft
15 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
13°C
Partly Cloudy
Humidity 89%
Wind WSW 6 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
70
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
| School | Type | Distance |
|---|---|---|
| Bayview Elementary | Elementary | 857 m |
| Pauline Haarer Elementary | Elementary | 932 m |
| Georgia Avenue Elementary | Elementary | 1.2 km |
| Fairview Elementary | Elementary | 1.4 km |
| Secondaire de Nanaimo | Secondary | 1.7 km |
| Nanaimo District Secondary | Secondary | 1.7 km |
| John Barsby Secondary | Secondary | 1.7 km |
| Learning Alternatives | Secondary | 1.7 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+)
- Indian Grill's191 m
- Bar Luna · Victoria Road 7362 m
- Flavours of India · 486 Franklyn Street373 m
- Diamond Indian Cuisene · 489 Wallace Street387 m
- Bamboo Garden · 67 Victoria Crescent390 m
Cafes (5+)
- The Vault Cafe · 499 Wallace Street376 m
- White Rabbit Coffee Co · 321 Selby Street459 m
- Gabriel's Gourmet Cafe · 39 Commercial Street515 m
- Serious Coffee · 60 Commercial Street517 m
- Real Food Café · 321 Wesley Street527 m
Grocery (4)
- Superette154 m
- ManLee Oriental · 385 Terminal Avenue488 m
- Thrifty Foods · 650 Terminal Avenue641 m
- The Green Store: Discount Organic · 256 Wallace Street645 m
Parks (5+)
- Nob Hill Park · 400 Milford Crescent166 m
- Pioneer Square Park386 m
- Pawson Gyro Park · 410 Machleary Street495 m
- Italian Square Park495 m
- Rosamond Park · 1 Rosamond Street539 m
Shopping (2)
- London Drugs · 650 Terminal Avenue591 m
- Port Place Shopping Centre · 650 Terminal Avenue619 m
Gyms (3)
- Dolly's Gym · 111 Nicol Street367 m
- Iyengar Yoga Nanaimo · 335 Wesley Street499 m
- Kind Society Yoga747 m
Pharmacies (1)
- Central Drugs260 m
Banks & ATMs (5+)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street158 m
- TD477 m
- Scotiabank · 65 Commercial Street532 m
- Scotiabank · 65 Commercial Street538 m
- Coastal Community Credit Union · 59 Wharf Street610 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.4% ($44,900) — 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.