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347 Wesley St, Nanaimo, BC, V9R 3A7

  • $1.9M Price
  • 3,405 Sqft
  • .12 Acres
  • 205 DOM
  • $1.9M Price
  • 3,405 Sqft
  • .12 Acres
  • 205 DOM

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347 Wesley St

– $1,899,998

Investment Property Opportunity! Purchase this fully leased building showing a great annual return of $102,000.00 with a Cap rate over 5% at the asking price. With a 5-year lease & options to renew lasting until 2043. The building is situated in Nanaimo’s Vibrant Old City Quarter area and is occupied by one of the city’s most popular award-winning restaurants “Asteras Greek Taverna.” The building was raised and renovated in 1996 with further renovations in 2008 to its current operation. There is a 2-bedroom, 2-bathroom apartment on the top floor which is rented month to month. The building is set back on the lot allowing parking in the front and on the street. The 2-level building is +/- 3405 square feet in size plus a basement storage area. The owner states the roof is newer and is a hands-off operation. “Please do not disturb the tenant and business operation!” Call for further details and information. All measurements and data is approximate and to be verified if important.

Essential Information

  • MLS® #948598
  • Price$1,899,998
  • Bathrooms0
  • Square Footage3,405
  • Acres0.12
  • Year Built1912
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive
  • Taxes$18,093
  • Tax Year2023

Community Information

  • Address347 Wesley St
  • AreaNa Old City
  • CityNanaimo
  • CountyNanaimo, City of
  • ProvinceBC
  • Postal CodeV9R 3A7

Exterior

  • ConstructionFrame Wood

Additional Information

  • Listing OfficeRE/MAX of Nanaimo
  • Days on Market205
  • ZoningDT2
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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.