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311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570

311 Wallace St Nanaimo V9R 5A8 : Na Old City

Main Photo: 311 Wallace St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981570
$895,000
Prop. Type:
Commercial Sale
MLS® Num:
981570
Status:
Active
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:
Switch units of measure16,770 sq. ft.
Taxes:
Building Features:
Shopping Nearby, Transit Nearby, See Remarks
Ceiling Heights:
Switch units of measure
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
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated December 23, 2024 at 06:05 AM (UTC)
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.