291 Wallace St, Nanaimo, BC V9R 5B4
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291 Wallace St, Nanaimo, BC V9R 5B4
291 Wallace St, Nanaimo, BC V9R 5B4
291 Wallace St, Nanaimo, BC V9R 5B4
291 Wallace St, Nanaimo, BC V9R 5B4
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Dustin Miller

Dustin Miller

+1(778) 678-9815
Listing by John Hankins 460 Commercial Inc.
$ 2,300,000
Est. payment /mo
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Active

291 Wallace St Nanaimo, BC V9R 5B4

6,276 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,276 sqft

Price per Sqft $366

MLS Listing ID 1033639

HOA Y/N No

Annual Tax Amount $8,323

Tax Year 2025

Property Sub-Type Retail

Property 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.

Location

Province BC

County Nanaimo Regional District

Community Na Old City

Area Nanaimo

Zoning DT2

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

NEARBY SCHOOLS & PROPERTIES

Dustin Miller

Dustin Miller

Broker License ID: 166888

+1(778) 678-9815

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