prideaux st

0 Bedroom Real Estate has been listed for sale at 501 Prideaux St in Nanaimo for $XXX,XXX. Chat with a local expert, book a tour.

501 Prideaux St, For Sale in Nanaimo - eXp Realty

FURTHER PRICE REDUCED - For Sale | Development Permit (DP) Approved 21-Unit Multifamily Development Site. The subject property is in close proximity to Vancouver Island University (VIU) and downtown amenities, including two major shopping centres; the waterfront area, including the harbour-front walkway and Maffeo Sutton Park; and all major transportation routes, including BC Ferries, the new fast ferry service, and seaplane terminals. The immediate neighbourhood is an established commercial and multi-family area with significant new developments just completed and underway.

High Roi Development Property In Nanaimo'S Burgeoning Old City Area.  This Nearly 14,000 Sqft Dt8 Zoned Property, Which Is Being Offered On Mls For The First Time, Is Awaiting Development Permit (Dp) Approval With The City Of Nanaimo For A 24 Unit Condo Development.  This Three Storey Building Designed By Notable Nanaimo Architect Will Also Have Underground Parking And Will Maximize Buildable Square Footage At 15,210.  Full Supplements Package Is Available Upon Request. (Id:15898)

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. (Id:15898)

VENDOR TAKE BACK FINANCING.  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 Centre, 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.Seller, At Their Sole Discretion, Is Willing To Provide A 0% Interest Vendor Financing Package (Or Delayed Closing - With Deposit Paid Directly To Seller) For Up To 12 Months - Minimum 45% Down Payment Required. (Id:15898)

PRIME DEVELOPMENT OPPORTUNITY IN NANAIMO'S OLD CITY QUARTERS! A unique site with an extraordinary potential for investors and developers. The property is situated in Old City Quarter and has an approved Development Permit (DP) in place that allows for an immediate progression into Building Permit / construction stage. Most of the initial heavy lifting; due diligence, site investigation and an extensive DP process has been already established for the developer’s benefit, saving valuable time, financing and resources. This attractive corner property, almost flat, offers close access to many local amenities e.G., shops, public commute, university, parks, public services, restaurants and most importantly the fast ferry terminal which connects Downtown Nanaimo to Downtown Vancouver in just 70 minutes! All to assess the value the property as an ideal location for a residential commodity. The site can utilize two most viable of many development options: 1- Option 01: Potential to fit up to 9 townhomes, each with an approximate size of +/- 1,300 sq ft. This area has seen a successful sale of similar newly constructed townhomes at prices ranging between $400 to $425 per square foot. 2- Option 02: Multi-family residential building (with Approved Building Permit in place) to fit 24 units. The ultimate usability of the site suggests fitting a multi-family building providing diverse unit types: 1-bed, 1-bed+den, and 2-bed units. The proposed design utilized underground parking to maximize the usability of the property & a desirable added value to the units. Underground parking is becoming a typical approach in recent projects given the increased demands, land cost, return of investment, and strict requirements of parking bylaws.  Given its unique zone, whether targeting as a rental or stratification of the units, there are POTENTIAL SAVINGS on GST and on the prospect of partial Property Tax Exemptions through the City of Nanaimo up to 10 years! (id:15898)

Embark on a promising multifamily development venture, offering two lucrative paths for savvy investors. Firstly, consider the 21-unit development, set for a building permit application post-may 2024. Nestled in a prime central location, the project features 1-bedroom units, aligned with market trends fetching $625/sqft in the neighboring area. The upgraded on-grade parking not only enhances accessibility but also significantly trims building costs. Anticipate a robust financial performance with a projected rental cash flow of approximately $32k, showcasing the property's income-generating potential. For strategic exits, stratifying and selling units individually could yield an estimated 35% roi, highlighting the property's versatility. Alternatively, explore crafting 9 townhomes, eliminating architect costs and translating into substantial savings. This aligns seamlessly with the growing demand for townhome living in the area, offering diverse housing solutions. Capitalize on a unique financial advantage through a property tax exemption by the city of nanaimo, amplifying long-term fiscal benefits. The city's rapid growth and housing shortage position this property as a prime opportunity for immediate and sustained returns. In summary, this multifamily development opportunity combines a strategic location, flexible development options, attractive financial projections, and long-term fiscal benefits, presenting a compelling investment in a rapidly growing city's dynamic real estate landscape. Seize this chance to contribute to the city's housing needs while securing a sound investment with promising returns. (id:15898)

For Sale | Development Permit (DP) Approved 21-Unit Multifamily Development Site. The subject property is in close proximity to Vancouver Island University (VIU) and downtown amenities, including two major shopping centres; the waterfront area, including the harbour-front walkway and Maffeo Sutton Park; and all major transportation routes, including BC Ferries, the new fast ferry service, and seaplane terminals. The immediate neighbourhood is an established commercial and multi-family area with significant new developments just completed and underway.

501 Prideaux St, Nanaimo, BC

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