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348 Wesley St
Na Old City Nanaimo V9R 2T6

$985,000
Commercial Sale built: 1948

Main Photo: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
Photo 1: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
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Photo 55: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1030034
Year Built:
1948
Impressive commercial office building with exceptional curb appeal in the heart of Old City, located on Wesley Street—widely regarded as Nanaimo’s hippest corridor—just steps to restaurants, shops, City Hall and the waterfront. Ideal for accountants, lawyers, engineers and financial consultants, the well-designed main level offers reception, client seating, 6 private offices (total both floors) and lunch area, plus a fully self-contained 2-bedroom caretaker suite below. Excellent street exposure highlights the character, complemented by a covered front deck with wheelchair access. On-site parking for 4 vehicles plus ample street parking. Surrounded by additional parking lots that may offer future assembly potential, enhancing long-term value. Zoned DT2 for a wide range of commercial and residential redevelopment options. Rare live/work opportunity suited to professionals, including those commuting to/from Vancouver. Measurements approx; verify if important.
Property Type:
Commercial Sale
Type:
Office
Commercial Type:
Building, Land
Year built:
1948 (Age: 78)
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
5,362 sq. ft.
Taxes:
Building Features:
High Traffic Area, Kitchen/Staff Room, Laundry Room, Parking, Security System, Shopping Nearby, Transit Nearby, Visual Exposure, See Remarks
Construction:
Frame Wood, Wood
New Construction:
No
Foundation:
Concrete Perimeter
Ceiling Heights:
Floor finish:
Mixed
Total Building Area:
2,917 sq. ft.
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
HVAC
Heating:
Baseboard, Electric, Heat Pump
Fireplace:
No
Pending Date:
Balcony
City, Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
DT2
Units in Building:
Units in Community:
Occupancy:
Partially Occupied
Property Condition:
Updated/Remodeled
Lot Site Features:
Central Location, Easy Access, Level, Shopping Nearby, Sloped
Parking Features:
On Site
Total Parking Spaces:
4
Road Surface Type:
Paved
Total Units:
Date Listed:
Mar 25, 2026
Original Price:
985000.0
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  • Photo 14: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Office Kitchen Area on Main Floor
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    Office Kitchen Area on Main Floor
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    Second waiting room area on main
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    Second waiting room area on main
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    Main Floor Office
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    Main Floor Office
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    Second Floor Office
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    Second Floor Office
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    Second Floor Office
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    Second Floor Office
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    Second Floor Office
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    Second Floor Office
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    Second Floor Office
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    Second Floor Office with large storage closet
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    Large Storage Closet
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    Second Floor Office
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    Second Floor Office
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    Large Storage Closet
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    Second Floor Office
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    Legal 2 Bedroom Caretaker Suite
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    Legal 2 Bedroom Caretaker Suite
  • Photo 38: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Legal 2 Bedroom Caretaker Suite
  • Photo 39: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Legal 2 Bedroom Caretaker Suite
  • Photo 40: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Legal 2 Bedroom Caretaker Suite
  • Photo 41: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Legal 2 Bedroom Caretaker Suite
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    Legal 2 Bedroom Caretaker Suite
  • Photo 43: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Legal 2 Bedroom Caretaker Suite
  • Photo 44: 348 Wesley St in Nanaimo: Na Old City Office for sale : MLS®# 1030034
    Legal 2 Bedroom Caretaker Suite
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    Legal 2 Bedroom Caretaker Suite
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated March 27, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$750,000
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
159
Min days on market:
17
Max days on market:
702
These statistics are generated based on the current listing's property type and located in Na Old City. Average values are derived using median calculations. This data is not produced by the MLS® system.
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