Portrait of Carly Carey, Realtor®

Carly Carey

Realtor®

311 Wallace St, Nanaimo, BC

$899,000

0.38

Acres

About 311 Wallace St

Prime multifamily, commercial, mixed use development site in the heart of downtown Nanaimo. Elevated ocean, city and distant coastal mountain view site offered in a prominent, desirable location at the corner of Wallace and Fitzwilliam Street. Zoned DT2, multiple commercial and residential uses are permitted with 100% site coverage with a maximum height of 4m. This unique property offers high visibility on the main corridor connecting downtown Nanaimo, the waterfront, seawall, seaplane terminal, Inland Island Highway, VIU, Ice Centre and Aquatic Centre. The site neighbours Wesley Quarter with destination dining options, shops, and professional office buildings. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub. This is a great site ready for your multi-level project. The seller may consider some vendor financing at attractive rates and terms for a qualified buyer to help see a project through to fruition.

Commercial Sale home for sale in Nanaimo, BC at 311 Wallace St.

Features of 311 Wallace St

MLS® # 1017831
Price $899,000
Acres 0.38
Type Commercial Sale
Sub-Type Unimproved Land
Status Active
View City, Mountain(s), Ocean

Community Information: Nanaimo

Address 311 Wallace St
Area Na Old City
City Nanaimo
County Nanaimo, City of
Province BC
Postal Code V9R 5B6

Amenities of 311 Wallace St

Utilities Cable Available, Cable To Lot, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling
Parking Spaces 50
View City, Mountain(s), Ocean
Is Waterfront No
Has Pool No

Interior of 311 Wallace St

Fireplace No

Additional Information On 311 Wallace St

Date Listed October 16th, 2025
Days on Market 17
Office Macdonald Commercial Real Estate Services Ltd.
Zoning DT2

Map To 311 Wallace St, Nanaimo

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