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- $799k Price
- .38 Acres
- 203 DOM
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311 Wallace St
– $799,000
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.
Essential Information
- MLS® #1017831
- Price$799,000
- Acres0.38
- TypeCommercial Sale
- Sub-TypeUnimproved Land
- StatusActive
- Taxes$27,647
- Tax Year2025
Community Information
- Address311 Wallace St
- AreaNa Old City
- CityNanaimo
- CountyNanaimo, City of
- ProvinceBC
- Postal CodeV9R 5B6
Amenities
- Parking Spaces50
- ViewCity, Mountain(s), Ocean
Utilities
Cable Available, Cable To Lot, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling
Additional Information
- Date ListedOctober 16th, 2025
- Days on Market203
- ZoningDT2
Listing Office
Macdonald Commercial Real Estate Services Ltd.
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.