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$895,000

311 Wallace St, Nanaimo, BC, V9R 5B5

MLS® # 981574

Property Information:

Prime Multifamily Development Opportunity in Nanaimo!Discover the potential of this expansive 16,000+ SF multifamily-zoned property, ideally located in the heart of vibrant Nanaimo. Fully serviced and ready for your vision, this property is perfect for investors and developers seeking a prime site for townhomes, apartments, or a mixed-use project (subject to city approvals).Enjoy the convenience of nearby amenities, schools, and public transit, making this an attractive location for future residents. With zoning in place and a fantastic price point, this is a rare opportunity to secure a development-ready parcel in one of Nanaimo's growing neighborhoods.Don’t miss out—this is your chance to bring a transformative project to life in a city with a strong rental demand and an expanding population.Act fast—contact us today for details! Pictures to follow Also under MLS# 981570

Property Features:

  • Bedrooms: 0
  • Bathrooms: 0
  • Annual Tax Amount: $23,025
  • Lot Frontage: 16770 Square Feet
  • Lot Size: 16770.00 Square Feet
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Sub Type: Land
  • Water Source: Municipal
  • Zoning Description: Multi-Family
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 0

Courtesy of: Sutton Group-West Coast Realty (Nan)

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.

Location of 311 Wallace St, Nanaimo, BC, V9R 5B5

Demographic Information of 311 Wallace St, Nanaimo, BC, V9R 5B5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,631.17

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.71 %

High school certificate or equivalent

32.24 %

Apprenticeship trade certificate/diploma

8.66 %

College/non-university certificate

21.62 %

University certificate (below bachelor)

0.73 %

University Degree

25.04 %

Commuter

Travel To Work

By Car

74.95 %

By Public Transit

3.31 %

By Walking

13.96 %

By Bicycle

3.05 %

By Other Methods

4.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

76.72 %

Houses

23.28 %

Own Vs. Rent