- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 993602
- Photos (16)
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Old City Quarter Development lot is almost 1/4 acre in size & nestled in selection of restaurants, specialty retail, pubs, & amenities, & close to Nanaimo’s downtown core. Currently 36 stall parking lot w/ opportunity to generate revenue while you develop. The adjacent 36 stall parking lot & office building (352 Wesley St. MLS 993603 & 348 Wesley St. MLS 993605) also available to purchase, w/ 2 separate titles offering office building including 2 bedrm accomm, creating additional income supporting future opportunities for development, in addition to the 2 separate parking lots. Zoning DT2 allowing for variety of commercial & residential development options & wide array of opportunities such as low-rise 30 to 66 condo/townhome building,+ the additional lot purchase of 348 Wesley St. could potentially build over 100 units+ on almost 1/2 acre of combined land w/ocean view/rooftop patios/secured parking w/graded access for parking.(All measurements approx & must be verified if important)
- Property Type:
- Commercial Sale
- Type:
- Unimproved Land
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 10,725 sq. ft.
- Taxes:
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- Pending Date:
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- Parking, Real Estate
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Nanaimo
- Legal Description:
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- Lot Site Features:
- Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, No Through Road, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk, Southern Exposure
- Parking Features:
- On Site
- Total Parking Spaces:
- 36
- Total Units:
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- Date Listed:
- Apr 01, 2025
- Original Price:
- 1350000.0
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Virtual Tour
Listed by RE/MAX Generation (LD)
Data was last updated April 3, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 28
- Avg list price:
- $897,500
- Min list price:
- $23
- Max list price:
- $4,750,000
- Avg days on market:
- 114
- Min days on market:
- 2
- Max days on market:
- 344
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
- RE/MAX OF NANAIMO
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX OF NANAIMO
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca