Nanaimo, BC V9R 5B6,311 Wallace St
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Nanaimo, BC V9R 5B6,311 Wallace St
Nanaimo, BC V9R 5B6,311 Wallace St
Nanaimo, BC V9R 5B6,311 Wallace St
Nanaimo, BC V9R 5B6,311 Wallace St
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John Cooper

John Cooper

+1(250) 619-9207
Listing by Sandy Clark Macdonald Commercial Real Estate Services Ltd.
$ 799,000
Est. payment /mo
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Active

311 Wallace St Nanaimo, BC V9R 5B6

0.38 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1017831

HOA Y/N No

Annual Tax Amount $27,647

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type 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.

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Zoning DT2

Direction Corner of Fitzwilliam and Wallace Street, Parking at rear of church off Wesley Street.

Interior

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 50.0

Utilities Available Cable Available, Cable Connected, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling

View Y/N true

View City, Mountain(s), Ocean

Street Surface Paved

Total Parking Spaces 50

Garage No

Building

Lot Description Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Cul-De-Sac, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Near Golf Course, No Through Road, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk

Sewer Sewer Available, Sewer To Lot

Water Municipal

Others

Restrictions Unknown

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

John Cooper

John Cooper

Agent | License ID: 1184085

+1(250) 619-9207

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