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Listed by Lee Robinson Royal LePage Nanaimo Realty (NanIsHwyN)
$ 1,950,000
Est. payment /mo
New
352 Wesley St Nanaimo, BC V9R 2T6
0.44 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1040063
HOA Y/N No
Annual Tax Amount $36,225
Tax Year 2025
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Unimproved Land
Property Description
352 Wesley Street and 341 Robson Street present a rare downtown development opportunity in the heart of Nanaimo's vibrant Old City Quarter. Offered together, these two separately titled DT2-zoned properties total approx. 20,522 sq.ft. and provide exceptional development potential for mixed-use, multi-family, office, retail, hospitality, and live/work projects. With a base FAR of 2.3 and 100% lot coverage, the site may accommodate approximately 47,200 sq.ft. of buildable floor area, with potential density incentives available through the City of Nanaimo (buyer to verify all). Ideally located on the Old City's most desirable Street, surrounded by popular restaurants and boutiques, this is one of Nanaimo's most sought-after urban investment locations. Both properties enjoy dual frontage on Wesley Street and Robson Street and are currently operating as fully leased (unpaved) parking lots, generating valuable holding income while future development plans are pursued. Price plus GST.
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning DT2
Interior
Fireplace No
Exterior
Parking Features On Site
Garage Spaces 60.0
View Y/N No
Street Surface Paved
Total Parking Spaces 60
Garage No
Building
Lot Description Central Location, Cleared, Curb & Gutter, Easy Access, Shopping Nearby, Sloped
Sewer Sewer Available
Water Municipal
Others
Ownership Freehold
Nearby School & Business
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