Old City Quarter Development lot is almost 1/4 acre in size & nestled in selection of restaurants, specialty retail, pubs, & amenities, & close to Nanaimo’s downtown core. Currently 36 stall parking lot w/ opportunity to generate revenue while you develop. The adjacent 36 stall parking lot & office building (352 Wesley St. MLS 993603 & 348 Wesley St. MLS 993605) also available to purchase, w/ 2 separate titles offering office building including 2 bedrm accomm, creating additional income supporting future opportunities for development, in addition to the 2 separate parking lots. Zoning DT2 allowing for variety of commercial & residential development options & wide array of opportunities such as low-rise 30 to 66 condo/townhome building,+ the additional lot purchase of 348 Wesley St. could potentially build over 100 units+ on almost 1/2 acre of combined land w/ocean view/rooftop patios/secured parking w/graded access for parking.(All measurements approx & must be verified if important)
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
10,725 sq. ft.996 m2
Fireplace:
No
Parking, Real Estate
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Lot Site Features:
Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Level, Marina Nearby, No Through Road, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk, Southern Exposure
Data was last updated July 27, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$840,000
Min list price:
$59,500
Max list price:
$4,290,000
Avg days on market:
94
Min days on market:
4
Max days on market:
458
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.