Address
352 Wesley St, Nanaimo, BC
Price
$ 1,950,000
Property Attributes
  • MLS#1040063
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 2T6
  • StyleUnimproved Land
  • Taxes$ 36225
  • Price$ 1,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.44 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

352 Wesley Street and 341 Robson Street present a rare downtown development opportunity in the heart of Nanaimo's vibrant Old City Quarter. Offered together, these two separately titled DT2-zoned properties total approx. 20,522 sq.ft. and provide exceptional development potential for mixed-use, multi-family, office, retail, hospitality, and live/work projects. With a base FAR of 2.3 and 100% lot coverage, the site may accommodate approximately 47,200 sq.ft. of buildable floor area, with potential density incentives available through the City of Nanaimo (buyer to verify all). Ideally located on the Old City's most desirable Street, surrounded by popular restaurants and boutiques, this is one of Nanaimo's most sought-after urban investment locations. Both properties enjoy dual frontage on Wesley Street and Robson Street and are currently operating as fully leased (unpaved) parking lots, generating valuable holding income while future development plans are pursued. Price plus GST.

General Features

Sewer Sewer Available
Zoning DT2
Property Subtype Unimproved Land
Property Type Commercial Sale
Parking Total 60
Commercial Area Not Applicable
Commercial Listing Type Land

Exterior Features

Lot Features Central Location,Cleared,Curb & Gutter,Easy Access,Shopping Nearby,Sloping
Water Source Municipal
Lot Size Square Feet 20522.00
Lot Size Acres 0.44
Parking Onsite YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9R 2T6

Price
AVG $1.95M
$1.95M
Taxes
AVG $36,225
$36,225
Visits
AVG 73
72
Data Provided by Inside Real Estate®

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