Your email has been sent.
311 Wallace St 0.38 Acres of Commercial Land Offered at $799,000 CAD in Nanaimo, BC V9R 5B6
Investment Highlights
- Corner site in Wesley Quarter with elevated ocean, city, and mountain view potential
- Surrounded by new mixed-use developments, restaurants, shops, and professional offices
- Zero parking requirement and 2.3 FSR, with potential for greater density upon approval
- High-visibility location along the main corridor connecting downtown to waterfront and transit
- Walking distance to seaplane terminal and Hullo Ferry for convenient mainland access
Executive Summary
Property Facts
| Price | $799,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.38 AC |
| Property Type | Land | ||
| Zoning | DT2 - multiple commercial and residential uses are permitted with 100% site coverage, 4m height, zero parking requirement and 2.3 FSR. Greater FSR may be possible subject to application and approval by the City of Nanaimo | ||
| Price | $799,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.38 AC |
| Zoning | DT2 - multiple commercial and residential uses are permitted with 100% site coverage, 4m height, zero parking requirement and 2.3 FSR. Greater FSR may be possible subject to application and approval by the City of Nanaimo |
1 Lot Available
Lot
| Price | $799,000 CAD | Lot Size | 0.38 AC |
| Price Per AC | $2,075,400.14 CAD |
| Price | $799,000 CAD |
| Price Per AC | $2,075,400.14 CAD |
| Lot Size | 0.38 AC |
Prime DT2-zoned mixed-use site in downtown Nanaimo’s Wesley Quarter, allowing 100% site coverage, 2.3 FSR, zero parking requirement, and offering ocean, city, and mountain views from an elevated corner position.
Description
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. Ocean views overlooking the inner harbour across to the coastal mainland mountains and city would be achieved from East facing units with potential Mt. Benson views facing West. The site neighbours Wesley Quarter with destination restaurants, shops and professional offices. Wallace Street is currently experiencing new development of multi-family buildings with commercial, retail and/or offices on the main level providing greater foot traffic and community vibe throughout the Old City Quarter. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub.
Presented by
Macdonald Realty Victoria
311 Wallace St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.