DOWNTOWN NANAIMO

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501 Prideaux St
Na Old City Nanaimo V9R 2N8

$1,399,000
Commercial Sale

Main Photo: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 1: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 2: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 3: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 4: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 5: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 6: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 7: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 8: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 9: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 10: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Photo 11: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
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Photo 13: 501 Prideaux St in Nanaimo: Na Old City Unimproved Land for sale : MLS®# 927925
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
927925
Approved Development Permit - 24 Units core area Nanaimo - An opportunity to acquire a unique residential development in the old city of Nanaimo. A Development Permit [DP) was issued on January 23, 2023 for the proposed 24 unit project by the City of Nanaimo. The project location provides an excellent opportunity for convenient living, most likely for new couples, individuals working in central Nanaimo, and college students / workers. The project promotes a desirable place to live, creates a healthy sense of community, and promotes a positive neighbourhood. Situated on the route to the university, which takes about 20 -25 minutes on foot or using public transportation, 10 minutes away from Port Place shopping center, approximately 15 minutes away from the harbour and central parks, and 12 -15 minutes away from the fast ferry (planned to commence summer 2023) that will connect downtown Nanaimo to downtown Vancouver under 70 minutes. Comprehensive due diligence package available.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale of Assets, Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
13,982.097 sq. ft.
Taxes:
Ceiling Heights:
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT8
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Vacant
Lot Site Features:
Central Location, Cleared, Corner Lot, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Hillside, Irregular Lot, Level, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
Date Listed:
Apr 03, 2023
Original Price:
1480000.0
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated May 30, 2023 at 12:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$992,500
Min list price:
$79,500
Max list price:
$4,980,000
Avg days on market:
77
Min days on market:
18
Max days on market:
467
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.