Discover the ideal investment opportunity in the vibrant Old City Quarter. This development lot is nearly a quarter acre in size and is nestled within the finest selection of restaurants, specialty retail shops, pubs, and essential amenities, all just a short walk from Nanaimo’s downtown core. Currently operating as a fully rented out 36-stall parking lot with wait list, this is a golden opportunity to generate revenue while you brainstorm ideas to develop this prime space. Additionally, the adjacent 36-stall parking lot and office building (341 Robson St. MLS 993602 and 348 Wesley St. MLS 993605) are also available for purchase. Together, these properties consist of two separate titles, featuring a charming 3,000 sq. ft. heritage office building with 6 offices, front reception & board room + a 2-bedroom accommodation that can provide additional income to support future development opportunities, in tandem with the two separate parking lots. The zoning classification is DT2, allowing for an extensive array of commercial and residential development options. This zoning offers exciting possibilities, such as low-rise buildings comprising 30 to 66 condo or townhome units. Furthermore, with the additional purchase of 341 Robson St., you could potentially build over 100 units on almost half an acre of combined land, featuring ocean view rooftop patios and secured parking with graded access. Do not miss out on this exceptional opportunity—ask for a comprehensive buyer's package for review. Call or email Sean McLintock with RE/MAX Generation at 250-667-5766 or sean@seanmclintock.com. A video with additional information is also available at macrealtygroup.ca (All measurements are approximate and must be verified if important.)
Address
352 Wesley St
List Price
$1,350,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
9797 Sq. Ft.
Lot Size (Acres)
0.22 Ac.
MLS® Number
993603
Listing Brokerage
RE/MAX Generation (LD)
Postal Code
V9R 2T6
Tax Amount
$16,079.00
Tax Year
2024