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:4069)
Address
352 Wesley St
List Price
$1,950,000
Property Type
Vacant Land
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Lot Size
20522 Sq. Ft.
MLS® Number
1040063
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code
V9R2T6
Zoning
DT2
Ownership
Freehold
Parking Places (Total)
60
Features
Central location, Curb & gutter, Sloping, Partially cleared, Other
Access To Property
Road access
