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$799,000
311 Wallace St
Nanaimo, BC V9R 5B6
Nanaimo, BC V9R 5B6
Unimproved Land
Property Description
PRIME multi-family, commercial, mixed use development site in the heart of downtown Nanaimo's Wesley Quarter. Elevated ocean, city and distant coastal mountain view site offered in a prominent, desirable location at the corner of Wallace and Fitzwilliam Street. Zoned DT2, multiple commercial and residential uses are permitted with 100% site coverage, 4m height, zero parking requirement and 2.3 FSR. Higher FSR may be considered subject to city approval. This unique property offers high visibility on the main corridor connecting downtown Nanaimo, the water front, seawall, seaplane terminal, Inland Island Highway, VIU, Ice Centre and Aquatic Centre. The site neighbours Wesley Quarter with destination restaurants, shops and professional offices. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub.
Property Details
MLS #:
1017831
ID #:
30111435
Type:
Commercial Sale
Sub-Type:
Unimproved Land
Area:
Nanaimo
Sub-Area:
Na Old City
Status:
Active
Lot Size:
0.38 acres
Property Tax:
$27,647 (2025)
Days on Market:
152 days
Listing provided by Macdonald Commercial Real Estate Services Ltd.
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Contact Information
Larry McNabb
Sales Associate, REALTOR®
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Location
311 Wallace St , Nanaimo, BC V9R 5B6