OLD CITY - DOWNTOWN LISTINGS

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311 Wallace St
Na Old City Nanaimo V9R 5A8

$895,000
Commercial Sale

Main Photo: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
Photo 1: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
Photo 2: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
Photo 3: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
Photo 4: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
981570
Prime Multifamily Development Opportunity in Nanaimo! Discover the potential of this expansive 16,000+ SF multifamily-zoned property, ideally located in the heart of vibrant Nanaimo. Fully serviced and ready for your vision, this property is perfect for investors and developers seeking a prime site for townhomes, apartments, or a mixed-use project (subject to city approvals). Enjoy the convenience of nearby amenities, schools, and public transit, making this an attractive location for future residents. With zoning in place and a fantastic price point, this is a rare opportunity to secure a development-ready parcel in one of Nanaimo's growing neighborhoods. Don’t miss out—this is your chance to bring a transformative project to life in a city with a strong rental demand and an expanding population. Act fast—contact us today for details! Picture to follow Also under MLS 981574
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
16,770 sq. ft.
Taxes:
Building Features:
Shopping Nearby, Transit Nearby, See Remarks
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Other
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT2
Units in Building:
Units in Community:
Occupancy:
Vacant
Parking Features:
On Site
Total Parking Spaces:
0
Total Units:
Date Listed:
Dec 02, 2024
Original Price:
895000.0
  • Photo 1: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
    Photo 1 of 4
  • Photo 2: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
    Photo 2 of 4
  • Photo 3: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
    Photo 3 of 4
  • Photo 4: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
    Photo 4 of 4
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated May 31, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$872,500
Min list price:
$59,500
Max list price:
$3,750,000
Avg days on market:
77
Min days on market:
4
Max days on market:
402
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations.
DEANA BAUMEL PREC
MICHAEL PETERSON PREC
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.