Residential

Property Description

Situated on the high side of Prideaux Street in Nanaimo’s sought-after Old City, 415 Prideaux offers an excellent opportunity for builders and developers seeking a development site. This land-only property is zoned DT8 – Old City Mixed Use and benefits from rear lane/alley access. A development permit application has been submitted for a proposed five-unit multi-family townhouse development consisting of two buildings, designed with efficient, attainable construction in mind. An appealing entry-level development opportunity for developers. The elevated location may offer potential views. Conveniently located near downtown Nanaimo, shopping, services, restaurants and transportation. All information, zoning, development potential, dimensions, permits, servicing, plans, costs and proposed uses must be independently verified by the Buyer. The active development permit application does not constitute approval or guarantee future development potential.