Commercial property for sale

100 Wallace St, Nanaimo

$3,299,000 or
$3,299,000 or

Commercial property for sale

100 Wallace St, Nanaimo

Features

Lifestyle
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Floor Area
7,560 sqft
Lot Size
14,375 sqft
Gross Property Tax
$1,970,000 /year
Zoning
DT3
Amenities
Security System, Shopping Nearby, Transit Nearby
View
City, Ocean
Additional Features
Corner

Description

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. Don't miss out on this prime real estate investment. All measurements are approximate, to verify if important.
MLS® Number 973382

Listing REALTORS®

Michael Guan, REALTOR<sup>®</sup>

Michael Guan

REALTOR®

Sutton Group-West Coast Realty (Nan)

Michael Mckillican, REALTOR<sup>®</sup>

Michael Mckillican

REALTOR®

Sutton Group-West Coast Realty (Nan)

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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