SOUTH NANAIMO

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501 Prideaux St
Na Old City Nanaimo V9R 2N8

$1,324,900
Residential beds: 0 baths: 0.0

Main Photo: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
Photo 1: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
Photo 2: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
Photo 3: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
Photo 4: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
Status:
Active
Prop. Type:
Residential
MLS® Num:
937685
DEVELOPMENT PERMIT APPROVED! Site in Nanaimo's Old City Quarters for 24 Units. Offering immense potential for developers/investors. This sought-after location has received Development Permit approval in February 2023, putting it ready for the Building Permit stage. This saves time & resources, allowing construction to begin now. The property enjoys a central location, providing convenient access to local amenities, shops, restaurants, & the new fast passenger ferry from Downtown Nanaimo - Downtown Vancouver in 70 minutes! With a mix of 1 bed, 1 bed+den, and 2-bed suites, this building caters to a range of housing needs. This development represents excellent value in 1 of the 5 fastest-growing cities in Canada, which is currently experiencing a major housing shortage. Be a part of the solution and benefit by getting into the market before it's too late. With a preferred completion date of early 2024, this opportunity won't last long. Don't miss out on this prime development opportunity.
Property Type:
Residential
Type:
Land
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bedrooms:
0
Bathrooms:
0.0 (Full:-/Half:-)
Lot Size:
14,252.099 sq. ft.
Kitchens:
0
Taxes:
Ceiling Heights:
Commercial Area:
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
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
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Vacant
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Total Parking Spaces:
10
Total Units:
Date Listed:
Jul 26, 2023
Original Price:
1349000.0
  • Photo 1: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
    Photo 1 of 4
  • Photo 2: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
    Photo 2 of 4
  • Photo 3: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
    Photo 3 of 4
  • Photo 4: 501 Prideaux St in Nanaimo: Na Old City Land for sale : MLS®# 937685
    Photo 4 of 4
Listed by Oakwyn Realty Ltd.
Data was last updated September 30, 2023 at 10:05 PM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$649,900
Min list price:
$289,900
Max list price:
$2,680,000
Avg days on market:
40
Min days on market:
8
Max days on market:
208
Avg price per sq.ft.:
$554.41
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.