311 Wallace St Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 5B6
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1017831
Annual Tax Amount $27,647
Tax Year 2025
Lot Size 0.380 Acres
Property Sub-Type Unimproved Land
Property Description
Prime multi-family, 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, 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
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
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
Acceptable Financing Must Be Paid Off
Listing Terms Must Be Paid Off