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Travis Briggs PREC*

travis@travisbriggs.ca +1(250) 713-5501

$ 899,000

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

Rental Info Unrestricted

Annual Tax Amount $27,647

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Unimproved Land

Property Description

Prime multifamily, commercial, mixed use development site in the heart of downtown Nanaimo. 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 with a maximum height of 4m. This unique property offers high visibility on the main corridor connecting downtown Nanaimo, the waterfront, seawall, seaplane terminal, Inland Island Highway, VIU, Ice Centre and Aquatic Centre. The site neighbours Wesley Quarter with destination dining options, shops, and professional office buildings. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub. This is a great site ready for your multi-level project. The seller may consider some vendor financing at attractive rates and terms for a qualified buyer to help see a project through to fruition.

Location

Province BC

County Nanaimo, City Of

Area Na Old City

Zoning DT2

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

Exterior

Parking On Site 1

Utilities Available Cable Available, Cable To Lot, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling

View Y/N Yes

View City, Mountain(s), Ocean

Total Parking Spaces 50

Building

Lot Description Adult-Oriented Neighbourhood, Central Location, Cleared, Corner, 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

Pets Allowed Yes

Restrictions Unknown

Ownership Freehold

Acceptable Financing Agreement for Sale, Must Be Paid Off, Seller May Carry, VMC/VTB

Listing Terms Agreement for Sale, Must Be Paid Off, Seller May Carry, VMC/VTB

Listed by Macdonald Commercial Real Estate Services Ltd.

Vancouver Island Neighbourhoods

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Travis Briggs PREC*

Agent | License ID: 181065

+1(250) 713-5501

Travis Briggs PREC*

311 Wallace St Nanaimo, BC V9R 5B6

Key Details

Location

Exterior

Building

Others

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311 Wallace St

Vancouver Island Neighbourhoods

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