$2,300,000
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291 Wallace St, Nanaimo, BC V9R5B4

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Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimos historic Gallery Row. The Property comprises two adjacent titled lots improved with a predominantly single-storey retail building, offering strong street exposure and a diverse tenant mix. The asset provides stable in-place income with additional upside through lease-up of one vacant unit. Located within a vibrant downtown node, the Property benefits from consistent pedestrian activity and is supported by significant nearby residential developments, including a 195-unit and a 163-unit project. The building is listed on the City of Nanaimo Community Heritage Register, contributing to the character of the Old City Quarter. Offered at $2, 300, 000, reflecting an approximate 5.69% stabilized cap rate. Further information available upon execution of a confidentiality agreement. (id:58753)

Listing By: John Hankins - 460 Commercial Inc. cncrea2 Realty.com
  • MLS® 1033639
  • Date Listed04/29/2026
  • Days on Realty 39 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R5B4

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9R5B4

Source: Walk Score

94/100

Walker's Paradise

Walk Score ®

57/100

Good Transit

Transit Score ®

45/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Minimal bike infrastructure.

Transit Summary

25 nearby routes: 24 bus, 0 rail, 1 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 35/100, Bike Score: 36/100.

Points of Interest near 291 Wallace St, Nanaimo, BC V9R5B4

Frequently Asked Questions for 291 Wallace St

Source: Realty.com

291 Wallace St, Nanaimo, BC V9R5B4 in Nanaimo, BC V9R5B4 is a retail listed at $2,300,000. Realty.ca has 9 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 9 photos of 291 Wallace St.

The full address for this home is 291 Wallace St, Nanaimo, BC V9R5B4.

291 Wallace St has been listed on Realty.com since Wed April 29, 2026

Daily errands do not require a car. Many nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 35/100, Bike Score: 36/100.

Listing provided courtesy of: 460 Commercial Inc.
Listing agent: John Hankins

This content last refreshed on 2026-06-07 05:45:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.