For Sale: 311 Wallace Street, Nanaimo, BC - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$799,000
0 bd • ba • sf • Land/Lot
311 Wallace Street
Street ViewDirections
$799,000
Get pre-approved

311 Wallace StreetNanaimo, BC, V9R 5B6

Old City
  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

PRIME multi-family, commercial, mixed use development site in the heart of downtown Nanaimo's Wesley Quarter. Elevated ocean, city and distant coastal mountain view site offered in a prominent, desirable location at the corner of Wallace and Fitzwilliam Street. Zoned DT2, multiple commercial and residential uses are permitted with 100% site coverage, 4m height, zero parking requirement and 2.3 FSR. Higher FSR may be considered subject to city approval. This unique property offers high visibility on the main corridor connecting downtown Nanaimo, the water front, seawall, seaplane terminal, Inland Island Highway, VIU, Ice Centre and Aquatic Centre. The site neighbours Wesley Quarter with destination restaurants, shops and professional offices. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub.
Listed by: Sandy Clark PREC*, Macdonald Commercial Real Estate Services Ltd.

Home facts and features

Price details
List Price
$799,000
Get Pre-Approved
Gross Taxes for 2025
$27,647
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
16770 ft²
Title
Freehold
Features
Adult-oriented Neighbourhood, Central Location, Cleared, Corner, Cul-de-Sac, Curb & Gutter, Easy Access, Family-oriented Neighbourhood, Near Golf Course, No Through Road, Serviced, Sidewalk
Amenities
Marina Nearby, Recreation Nearby, Shopping Nearby
Community
Agent details
Primary Agent
Primary Broker
Macdonald Commercial Real Estate Services Ltd.
Listing details
Days on REW
227 Days
Property Views
141
MLS® Number
1017831
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

Marco & Marvin Kaaka

Marco & Marvin Kaaka

Twin Mortgages | Marstel Mortgage Planning Corp.

We make home financing simple and stress-free, helping you achieve your goals while saving time and money with care, clarity, and genuine support every step of the way

Connect with a mortgage expert

Connect to a mortgage specialist

Marco & Marvin Kaaka
Twin Mortgages | Marstel Mortgage Planning Corp.

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Fairview School
  • Public
  • Pre-K - 7
  • In Catchment
Nanaimo District Secondary School
  • Public
  • 8 - 12
  • In Catchment
Pauline Haarer Elementary School
  • Public
  • K - 7
The High School at VIU
  • Independent
  • 10 - 12
John Barsby Community School
  • Public
  • 8 - 12
Discover Montessori School
  • Independent
  • K
Quarterway School
  • Public
  • Pre-K - 7
Nanaimo Christian School
  • Independent
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Old City

Neighborhoods near Old City

Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-05.
Call Agent
Sandy Clark PREC*
Phone:
(250) 668-9878
Cell:
250-668-9878
Office:
604-736-5611
Fax:
1-250-388-9636
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.