291 Wallace St, Nanaimo, BC V9R 5B4

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.