291 Wallace St, NANAIMO

2026-04-30

291 Wallace St, NANAIMO, British Columbia

For Sale Retail
$2,300,000

MLS®#1033639

Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimo’s 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)

Building Retail
Rooms
Bedrooms
Bathrooms 0
Square Footage 0 ft²
Built in
Parking Type
Neighbourhood NANAIMO

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How much could you save in commission selling with One Percent Realty?

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$500,000

$300,000 $3,000,000

Your One Percent Realty
Commission savings†

$500,000

† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 2.5% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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Q.
What is the deal exactly, with One Percent?

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!

Q.
What do you charge?

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

Q.
Are your listings on MLS® and realtor.ca?

Yes, and yes.

Learn more about the 1% Deal
Joe
Joe Squire

REALTOR ® MBA

joe@joesquire.com

(250) 802-5899

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
Professional Nanaimo Real Estate Sales & Marketing: Specializing in Nanaimo and the Central Island Region 15 year award winning Realtor® offering full MLS® access, advertising, and professional marketing services. My commitment is to make buying or selling your home an informative and enjoyable experience for you.I will help show you how you can keep more of your hard earned...
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