352 Wesley St, Nanaimo
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)
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
Lot Size
20522.0 sqft
Lot Features
$1,950,000
Office
Royal LePage Nanaimo Realty (NanIsHwyN)
Loan Amount:
$1,560,000
Estimated Monthly Payment:
$7,602
This is an estimate for informational purposes only. Consult with a financial advisor.
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