352 Wesley St
Nanaimo, British Columbia
MLS® 1040063
$1,950,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 1040063
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 9Listing 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.
Property summary
- MLS® number
- 1040063
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 20522 square feet
- Annual property taxes
- $36,225.00
- Parking
- 60 spaces
- Days on market
- 96 days
Features & details
- Lot features
- Central location, Curb & gutter, Sloping, Partially cleared, Other
What would this home cost you?
Based on the $1,950,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Nanaimo Realty (NanIsHwyN), Nanaimo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.