This 17-unit multi family building represents an extraordinary chance to secure a cash-positive investment in Nanaimo’s Old City. With its prime location, proximity to amenities, low vacancy rate, and R8 zoning allowing for future development, this is the ideal property for investors seeking both immediate income and long-term potential. Don’t miss out on this exceptional opportunity
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31 Prideaux St
Bedrooms
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Bathrooms
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Lot Size
0.00 Acres / 0 Sq. Ft.
SqFt Total
614400
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Old City Nanaimo
Vancouver Island and Nanaimo Real Estate
Get to Know Old City
Nanaimo’s Old City Quarter contains buildings dating from the late 1800s to early 1900s and is considered part of the downtown economic core. A revitalization of heritage buildings as well as new developments showcases the area as a charming shopping, business and dining area destination. With the new 38,000 capacity convention center, the Diana Krall Plaza, the Port Theatre, the Nanaimo Museum and the water front promenade, this neighbourhood is considered the cultural hub of the city. Some of the oldest homes in Nanaimo are found in this neighbourhood with many on tree lined streets and with lovely harbour views, it attracts home owners looking to update older, character homes with their wonderful, established gardens. However, there are also plenty of new developments and condos in the area for potential home owners who want something fresh. Along with having most of the city’s cultural infrastructure, Nanaimo’s Seaplane hubs and Port Place Mall are also located here in the Old City.
Vancouver Island and Nanaimo Real Estate
Nearby
Schools
Nanaimo Montessori School
945 Waddington Road, Nanaimo, BC
(250) 753-0649
Brechin Elementary
510 Millstone Ave., Nanaimo, BC
(250) 754-7523
Forest Park Elementary
2050 Latimer Road, Nanaimo, BC
(250) 758-6892
Nanaimo District Secondary
355 Wakesiah Ave, Nanaimo, BC,
(250) 740-2000
*school catchment areas can change without notice; click the school locator link below to verify:
School Locator
Beaches and Parks
Beach Estates Park – Most of this park is trail, leading down to a small pebbly beach and the ocean. Features: beautiful waterfalls and ample lush greenery.
Beban Park – Large park with several areas for sports and play. Features: outdoor pool, trails, disc golf course, skate bowl, seniors’ center, 2 picnic shelters with children’s playgrounds, tennis courts, beach volleyball, horseshoes, seasonal petting zoo and duck pond. Trails along the Millstone River lead to a scenic waterfall and rhododendron grove.
Beaufort Park – Park with community garden. Features: tennis courts, walking trails and a year round dog off leash area that is partially fenced.
Hawthorne Park – Named after the English Hawthorne bushes that populate the area, this park is a perfect for an evening jog or walk, alone or with your pet. The park surrounds ponds and has many trail loops to follow.
Bowen Park – Bowen Park offers both sports and tranquility. This particular park stays busy year round because of all the activities it offers. During the summer months the outdoor swimming pool opens up and becomes a great way to cool off on those hot days. During the winter months, the hills are great for tobogganing. All throughout the year the playgrounds and seniors centre are open and keep the park very busy with people from all ages.
Buttertubs Marsh – Two km loop trail around this bird and wildlife sanctuary. Features: observation decks and a tower, and walking or running trail.
Colliery Dam Park – Large park with designated dog off leash area 6am-10am and then again 4pm to dusk daily. Features: trail system, waterfall, and fresh-water swimming (no lifeguard on duty).
Living Forest Park – Campground and RV Park –open year round. Features: 50 acres for private, family sized camp sites. Trails, ocean views, bicycling, paddling, swimming, birding, basketball, bocce, beach volley ball.
Westwood Lake – Westwood Lake Park has a much used 5.51 km trail around the lake in the foothills of Mt. Benson. Features: beach area and swimming with lifeguard patrol (June-August), children’s play park, running and walking trails, with shorter trails available towards the south end of the trail. Electric motors and non- powered boating allowed, washroom and change room building on site.