BC > Nanaimo
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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2026
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Dallas King

Dallas King

+1(250) 858-5465
$799,000
Est. payment /mo
0.38 Acres Lot
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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 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

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 Must Be Paid Off

Listing Terms Must Be Paid Off

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Listed by Macdonald Commercial Real Estate Services Ltd.
Dallas King

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+1(250) 858-5465

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