CABCNanaimo291 Wallace St
Listing image | Image 1

291 Wallace St, Nanaimo, BC

House

For Sale

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to see price

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MLS® 1033639

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $8,323
Days Active 77
Lot Size 
Approx. Age 
MLS® Number 1033639

Property Address: 291 Wallace St, Nanaimo, BC, V9R5B4

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimo’s historic Gallery Row. The Property comprises two adjacent titled lots improved with a predominantly single-storey retail building, offering strong street exposure and a diverse tenant mix. The asset provides stable in-place income with additional upside through lease-up of one vacant unit. Located within a vibrant downtown node, the Property benefits from consistent pedestrian activity and is supported by significant nearby residential developments, including a 195-unit and a 163-unit project. The building is listed on the City of Nanaimo Community Heritage Register, contributing to the character of the Old City Quarter. Offered at $2, 300, 000, reflecting an approximate 5.69% stabilized cap rate. Further information available upon execution of a confidentiality agreement. (id:58753)Show Description
MLS® Number1033639
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

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  • Commute

Commute

Starting Address
Destination Address
291 Wallace St, Nanaimo, BC

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