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311 Wallace St, Nanaimo, BC, V9R 5B5

MLS® # 981574
new listing
Vacant Land For Sale In City Center/Protection Island, Nanaimo, British Columbia
$895,000
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311 Wallace St, Nanaimo, BC, V9R 5B5
$895,000

Property Information:

Prime Multifamily Development Opportunity in Nanaimo!Discover the potential of this expansive 16,000+ SF multifamily-zoned property, ideally located in the heart of vibrant Nanaimo. Fully serviced and ready for your vision, this property is perfect for investors and developers seeking a prime site for townhomes, apartments, or a mixed-use project (subject to city approvals).Enjoy the convenience of nearby amenities, schools, and public transit, making this an attractive location for future residents. With zoning in place and a fantastic price point, this is a rare opportunity to secure a development-ready parcel in one of Nanaimo's growing neighborhoods.Don’t miss out—this is your chance to bring a transformative project to life in a city with a strong rental demand and an expanding population.Act fast—contact us today for details! Pictures to follow Also under MLS# 981570

Property Features:

  • Bedrooms: 0
  • Bathrooms: 0
  • Annual Tax Amount: $23,025
  • Lot Frontage: 16770 Square Feet
  • Lot Size: 16770.00 Square Feet
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Sub Type: Land
  • Water Source: Municipal
  • Zoning Description: Multi-Family
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 0

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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Location of 311 Wallace St, Nanaimo, BC, V9R 5B5

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, 311 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
7
2050
20

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, 311 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
12
2050
14

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 311 Wallace St, Nanaimo, BC, V9R 5B5

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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