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Dylon Paul

eXp Realty

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Lee Robinson Royal LePage Nanaimo Realty (NanIsHwyN)

$ 1,950,000

Est. payment -/mo

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Active

352 Wesley St Nanaimo, BC V9R 2T6

0.44 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1040063

HOA Y/N No

Annual Tax Amount $36,225

Tax Year 2025

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Unimproved Land

Property Description

352 Wesley Street and 341 Robson Street present a rare downtown development opportunity in the heart of Nanaimo's vibrant Old City Quarter. Offered together, these two separately titled DT2-zoned properties total approx. 20,522 sq.ft. and provide exceptional development potential for mixed-use, multi-family, office, retail, hospitality, and live/work projects. With a base FAR of 2.3 and 100% lot coverage, the site may accommodate approximately 47,200 sq.ft. of buildable floor area, with potential density incentives available through the City of Nanaimo (buyer to verify all). Ideally located on the Old City's most desirable Street, surrounded by popular restaurants and boutiques, this is one of Nanaimo's most sought-after urban investment locations. Both properties enjoy dual frontage on Wesley Street and Robson Street and are currently operating as fully leased (unpaved) parking lots, generating valuable holding income while future development plans are pursued. Price plus GST.

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Zoning DT2

Interior

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 60.0

View Y/N false

Street Surface Paved

Total Parking Spaces 60

Garage No

Building

Lot Description Central Location, Cleared, Curb & Gutter, Easy Access, Shopping Nearby, Sloped

Sewer Sewer Available

Water Municipal

Others

Ownership Freehold

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.”

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