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352 Wesley St, Nanaimo

MLS® #1040063
About this Property

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. (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Parking Spaces

60

Annual Tax

$36,225

Zoning

Unknown

Parcel Number

000-137-049

Data Source

Vancouver Island Real Estate Board

Exterior & Lot

Lot Size

20522.0 sqft

Lot Features

Central locationCurb & gutterSlopingPartially clearedOther

$1,950,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Royal LePage Nanaimo Realty (NanIsHwyN)

Mortgage Calculator
$390,000

Loan Amount:

$1,560,000

Estimated Monthly Payment:

$7,602

This is an estimate for informational purposes only. Consult with a financial advisor.