DOWNTOWN NANAIMO

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149 Wallace St
Na Old City Nanaimo V9R 5B2

$1,200,000
Commercial Sale

Main Photo: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 1: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 2: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 3: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 4: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 5: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 6: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 7: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 8: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 9: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 10: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 11: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Photo 12: 149 Wallace St in Nanaimo: Na Old City Mixed Use for sale : MLS®# 954650
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
954650
EXCELLENT DOWNTOWN LOCATION, THIS CONVERTED CHARACTER HOME IS LOCATED IN THE HEART OF DOWNTOWN NEXT TO GOVERNMENT AND COOPERATE OFFICE BUILDINGS AND ADJACENT TO NEW MULTI-FAMILY DEVELOPMENT IN THE AREA. FORMALLY USED AS A LAWYERS OFFICE AND ADMINISTRATION, THIS BUILDING IS IDEALY SUITED AND SETUP FOR OFFICE AND MEDICAL SERVICE OR GOVERNMENT USE IN A GROWING AND DEMANDED AREA OF THE CITY. THE BUILDING FEATURES A MAIN LEVEL ENTRANCE WITH SEPARATE ACCESS OFF WALLACE STREET AND THE REAR ST, RICHARDS STREET WITH 7 ON-SITE PARKING STALLS. THE 2ND FLOOR OFFICE SPACE IS ACCESSIBLE FROM THE SEPARATE REAR STAIRCASE ENTRANCE OFF RICHARDS ST THERE ARE 2 SEPARATE METERS AT THE BUILDING ALLOWING FOR 2 SEPARATE OFFICES OR COMBINED SPACES, AND 2 SEPARATE HEATING SYSTEMS. THE FULL BASEMENT HAS BOTH MAIN FLOOR ACCESS AND SEPARATE OUTSIDE ACCESS, IDEAL FOR STORAGE.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
11,744.081 sq. ft.
Taxes:
Building Features:
Basement, High Traffic Area, Parking, Security System, Transit Nearby, Visual Exposure
Construction:
Concrete, Frame Wood, Insulation: Ceiling, Insulation: Walls, Shingle-Other
New Construction:
No
Foundation:
Concrete Perimeter
Electricity:
Yes
Number of Storeys:
2
Ceiling Heights:
Floor finish:
Mixed
Leasable Area:
2,755 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Baseboard, Forced Air, Natural Gas
Fireplace:
No
Pending Date:
Parking, See Remarks
See Remarks
Security System, Sign: Allowed
City, Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT 3
Legal Non-Conformance:
Yes
Units in Building:
Units in Community:
Occupancy:
Vacant
Property Condition:
Updated/Remodeled
Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
Lot Site Features:
Central Location, Easy Access, Serviced, Shopping Nearby, Sidewalk, See Remarks
Parking Features:
On Site
Total Parking Spaces:
7
Total Units:
Date Listed:
Feb 27, 2024
Original Price:
1200000.0
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Listed by Island Pacific Realty Ltd.
Data was last updated May 29, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$912,350
Min list price:
$49,500
Max list price:
$4,880,000
Avg days on market:
92
Min days on market:
15
Max days on market:
364
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.
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.