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348 Wesley St
Na Old City Nanaimo V9R 2T6

$1,200,000
Commercial Sale built: 1948

Main Photo: 348 Wesley St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 993605
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
993605
Year Built:
1948
Commercial office building with fantastic curb appeal, located in the heart of Old City, close to restaurants, shops & professionals. Potential development opportunity with both neighbouring parking lots that include 36 parking stalls per lot/located at 352 Wesley St./341 Robson St. can be purchased(MLS 993603 /MLS 993602). Near city annex, city hall, Commercial & Fitzwilliam St. shops/waterfront, ideal for counselling services, lawyer, accountant or any other professional. Front reception area, customer seating, 6 prvt offices, board room, lunch area, + 2 bdrm accommodation down. Landmark building w/ parking for 4 cars out front, additional street parking & street exposure allows owners to take full advantage of exterior character features/charming covered front deck w/ wheelchair ramp. Development opp. w/ DT2 zoning w/ variety of commercial & residential development options & future value to investor/developer.(Measurements/info approximate & should be verified if important.)
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building
Year built:
1948 (Age: 77)
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
5,362 sq. ft.
Taxes:
Building Features:
Basement, High Traffic Area, Kitchen/Staff Room, Laundry Room, Parking, Security System, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
Construction:
Frame Wood, Wood
New Construction:
No
Number of Storeys:
3
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
2,562 sq. ft.
Commercial Area:
Cooling:
HVAC
Heating:
Baseboard, Electric, Heat Pump
Fireplace:
No
Pending Date:
Balcony, Balcony/Deck
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:
Property Condition:
Updated/Remodeled
Parking Features:
On Site
Road Frontage Type:
Street
Road Surface Type:
Paved
Total Units:
Date Listed:
Apr 01, 2025
Original Price:
1200000.0
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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
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.