About 311 Wallace St
PRIME multi-family, commercial, mixed use development site in the heart of downtown Nanaimo's Wesley Quarter. 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, 4m height, zero parking requirement and 2.3 FSR. Higher FSR may be considered subject to city approval. This unique property offers high visibility on the main corridor connecting downtown Nanaimo, the water front, seawall, seaplane terminal, Inland Island Highway, VIU, Ice Centre and Aquatic Centre. The site neighbours Wesley Quarter with destination restaurants, shops and professional offices. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub.
Features of 311 Wallace St
| MLS® # | 1017831 |
|---|---|
| Price | $799,000 |
| Acres | 0.38 |
| Type | Commercial Sale |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 311 Wallace St |
|---|---|
| Area | Na Old City |
| City | Nanaimo |
| County | Nanaimo, City of |
| Province | BC |
| Postal Code | V9R 5B6 |
Amenities
| 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
| Fireplace | No |
|---|
Additional Information
| Date Listed | October 16th, 2025 |
|---|---|
| Days on Market | 180 |
| Zoning | DT2 |
Listing Details
| Office | Macdonald Commercial Real Estate Services Ltd. |
|---|