We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
291 Wallace St, NANAIMO
2026-04-30
Quick Summary
- Location
- 291 Wallace St, NANAIMO, British Columbia V9R5B4
- Price
- $2,300,000
- Status:
- For Sale
- Property Type:
- Retail
MLS®#1033639
Property Description
Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimoâs historic Gallery Row. The Property comprises two adjacent titled lots improved with a predominantly single-storey retail building, offering strong street exposure and a diverse tenant mix. The asset provides stable in-place income with additional upside through lease-up of one vacant unit. Located within a vibrant downtown node, the Property benefits from consistent pedestrian activity and is supported by significant nearby residential developments, including a 195-unit and a 163-unit project. The building is listed on the City of Nanaimo Community Heritage Register, contributing to the character of the Old City Quarter. Offered at $2,300,000, reflecting an approximate 5.69% stabilized cap rate. Further information available upon execution of a confidentiality agreement. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Retail
Ownership
- Type: Freehold
Zoning
- Description: DT2
Information entered by 460 Commercial Inc.
Listing information last updated on: 2026-04-29 16:23:30
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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Joe Squire REALTOR ® MBA
- Phone:
- (250) 802-5899
- Mobile:
- (604) 626-9259
- Email:
- joe@joesquire.com
- Support Area:
- Nanaimo, Cedar, Lantzville, Ladysmith, Saltair, Nanoose, Old City, North Nanaimo, South Nanaimo, Central Nanaimo, Departure Bay, Hammond Bay, Diver Lake, Extension, Chase River, Pleasant Valley
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- Phone:
- 250-618-8213
- Email:
- mynanaimohome@gmail.com
- Support Area:
- Nanaimo, Ladysmith, Lantzville
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Full ProfileJason Kerr REALTOR®, GSC
- Phone:
- 250-616-2098
- Email:
- kerr014@gmail.com
- Support Area:
- Nanaimo, Cedar, Cinnabar Valley, Ladysmith, Parksville, Vancouver Island
Let's do this together, Vancouver Island."Unlocking doors to dream homes and turning visions into re ...
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