100 Wallace St, Nanaimo, BC, V9R 5B1

House For Sale In City Center/Protection Island, Nanaimo, British Columbia

$3,299,000 QuickQuote^TM: Not Available

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100 Wallace St, Nanaimo, BC, V9R 5B1

$3,299,000

Property Information:

Introducing an unparalleled investment opportunity in downtown Nanaimo! This fully occupied building, with most tenants having long-term leases, including an anchor tenant, the walk-in clinic, secured until 2030, generates over $150k in net profit annually. The diverse mix of tenants includes a pharmacy, physiotherapist, sleep clinic, CPA office, and art studio. Situated at the heart of Nanaimo's downtown center and with a 7-level apartment building under construction across the street, the potential for growth is immense. Benefit from stable income streams and tap into the future synergy with neighboring residents. With the rising demand for downtown residential properties, consider the possibility of transforming this property into coveted condominiums. Whether you're an investor seeking stability or an entrepreneur with a vision, this property offers an unparalleled opportunity. All measurements are approximate, to verify if important.

Property Features:

Annual Tax Amount: $1,970,000
Building Features: Security System, Shopping Nearby, Transit Nearby
Construction Materials: Frame Wood, Insulation: Ceiling, Insulation: Walls
Floor Space (approx): 7560 Square Feet
Foundation Details: Concrete Perimeter
Lot Features: Corner Lot
Lot Frontage: 14375 Square Feet
Lot Size: 14375.00 Square Feet
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Mixed Use
Road Surface Type: Paved
Utilities: Cable Connected, Electricity Connected, Phone Connected
View: City
Water Source: Municipal
Zoning: DT3
Sewer:
No. of Parking Spaces: 21

Courtesy of: Sutton Group-West Coast Realty (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

Location of 100 Wallace St, Nanaimo, BC, V9R 5B1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 100 Wallace St , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past

29℃

2050

31.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 100 Wallace St , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past

569.5mm

2050

660mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 100 Wallace St, Nanaimo, BC, V9R 5B1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,631.17

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.71 %

High school certificate or equivalent

32.24 %

Apprenticeship trade certificate/diploma

8.66 %

College/non-university certificate

21.62 %

University certificate (below bachelor)

0.73 %

University Degree

25.04 %

Commuter

Travel To Work

By Car

74.95 %

By Public Transit

3.31 %

By Walking

13.96 %

By Bicycle

3.05 %

By Other Methods

4.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

76.72 %

Houses

23.28 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

Location of 100 Wallace St, Nanaimo, BC, V9R 5B1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 100 Wallace St, Nanaimo, BC, V9R 5B1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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