352 Wesley St
Nanaimo, BC V9R2T6
$1,950,000
Property Details
Property & Lot
- Lot size
- 20,522 square feet
- Zoning
- Unknown
DT2
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $36,225
Interior
- Fireplace
- None
Parking
- Total spaces
- 60
Listing Information
- MLS®
- 1040063
- Listed
- June 13, 2026
- Time on market
- On the market for 80 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Nanaimo Realty (NanIsHwyN) · Data source: CREA DDF.
Description
352 Wesley Street and 341 Robson Street present a rare downtown development opportunity in the heart of Nanaimo's vibrant Old City Quarter. Offered together, these two separately titled DT2-zoned properties total approx. 20,522 sq.ft. and provide exceptional development potential for mixed-use, multi-family, office, retail, hospitality, and live/work projects. With a base FAR of 2.3 and 100% lot coverage, the site may accommodate approximately 47,200 sq.ft. of buildable floor area, with potential density incentives available through the City of Nanaimo (buyer to verify all). Ideally located on the Old City's most desirable Street, surrounded by popular restaurants and boutiques, this is one of Nanaimo's most sought-after urban investment locations. Both properties enjoy dual frontage on Wesley Street and Robson Street and are currently operating as fully leased (unpaved) parking lots, generating valuable holding income while future development plans are pursued. Price plus GST. (id:63159)
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
74
8/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Pauline Haarer Elementary | Elementary | 454 m |
| Fairview Elementary | Elementary | 1.2 km |
| Bayview Elementary | Elementary | 1.3 km |
| Georgia Avenue Elementary | Elementary | 1.5 km |
| Secondaire de Nanaimo | Secondary | 1.6 km |
| Nanaimo District Secondary | Secondary | 1.6 km |
| Brechin Elementary | Elementary | 1.8 km |
| John Barsby Secondary | Secondary | 2.1 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- Delicado's · 238 Wesley Street37 m
- Asteras · 347 Wesley Street70 m
- La Stella Trattoria · 321 Wesley Street80 m
- Bistro Taiyo · 321 Wesley Street84 m
- Le Brunch Café · 366 Selby Street122 m
Cafes (5+)
- Real Food Café · 321 Wesley Street90 m
- Bocca Café · 427 Fitzwilliam Street156 m
- Kitties and Cream · 437 Fitzwilliam Street171 m
- White Rabbit Coffee Co · 321 Selby Street172 m
- Gabriel's Gourmet Cafe · 39 Commercial Street245 m
Grocery (4)
- The Green Store: Discount Organic · 256 Wallace Street165 m
- ManLee Oriental · 385 Terminal Avenue169 m
- Superette537 m
- Thrifty Foods · 650 Terminal Avenue557 m
Parks (5+)
- Lions Square Park · 280 Wallace Street145 m
- Piper Park415 m
- Italian Square Park421 m
- Dallas Square Park · 85 Front Street427 m
- Bastion Square Park · 94 Front Street430 m
Shopping (2)
- London Drugs · 650 Terminal Avenue525 m
- Port Place Shopping Centre · 650 Terminal Avenue539 m
Gyms (4)
- Iyengar Yoga Nanaimo · 335 Wesley Street82 m
- Force Boxing & Fitness · 165 Fraser Street328 m
- Kind Society Yoga423 m
- Dolly's Gym · 111 Nicol Street736 m
Pharmacies (2)
- Central Drugs282 m
- Wallace Pharmacy399 m
Banks & ATMs (5+)
- Scotiabank · 65 Commercial Street226 m
- Scotiabank · 65 Commercial Street246 m
- Royal Bank of Canada · 205 Commercial Street269 m
- Coastal Community Credit Union · 59 Wharf Street311 m
- TD495 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($390,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.