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$2,300,000
British Columbia,Nanaimo
For Sale Active
291 Wallace St, Nanaimo, British Columbia V9R5B4
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 1033639
  • Price: $2,300,000
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 131025
Address Map
  • Location: CA, British Columbia, Nanaimo, V9R5B4
  • Street: Wallace
  • Street Number: 291
  • Street Suffix: Street
  • Longitude: W124° 3' 34.4''
  • Latitude: N49° 9' 57.2''
  • Zoning: Unknown
Financial
  • Tax Annual Amount: 8323
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Listing updated: 2026-05-04 07:09:05
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Listing Information
  • List Agent Key: 2042454
  • List Office Key: 131025
  • Modification Timestamp: 2026-04-29T16:31:02Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-04-29T16:23:30Z
Powered by REALTOR.ca
Listing updated: 2026-05-04 07:09:06
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