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291 Wallace St
Na Old City Nanaimo V9R 5B4

$18 /sqft
Commercial Lease

Main Photo: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 1: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 2: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 3: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 4: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 5: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 6: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 7: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 8: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 9: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Photo 10: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
Status:
For Lease
Prop. Type:
Commercial Lease
MLS® Num:
1042750
Position your business in the heart of Nanaimo's vibrant Old City Quarter. This beautifully maintained 527 sq. ft. character commercial space at Gallery Row offers abundant natural light, large heritage-style windows, an open treatment/showroom area, reception/waiting area, private washroom, and storage. The unit benefits from its own dedicated entrance from Wallace Street, with additional level access from the rear of the building via Fitzwilliam Street. The flexible layout is ideally suited for boutique retail, wellness, esthetics, tattoo, counselling, professional services, or creative office users. Surrounded by locally owned shops, cafés and restaurants, the property is also within walking distance of the newly completed TELUS Living and Wallace Street residential developments, bringing hundreds of new residents to the neighbourhood and strengthening the area's customer base. Estimated additional rent is $13.32 per sq. ft.
Property Type:
Commercial Lease
Type:
Retail
Commercial Type:
Building
Lease Type:
Lease Sqft Price/Annual
Additional Rent Per SqFt:
13.32
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0 sq. ft.
Total Building Area:
527 sq. ft.
Leasable Area:
527 sq. ft.
Commercial Area:
Downtown
Subdivisable Area:
No
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Financing Notes:
2.25% of aggregate base rent for first 5 years of the lease and 1% for years six to ten.
Jurisdiction name:
City of Nanaimo
Legal Description:
LT 1, BLK 32, SEC 1, NAN DIST, PL 584
Zoning:
DT2
Units in Building:
7
Occupancy:
Tenant
Parking Features:
On Site
Total Units:
1
Date Listed:
Jul 15, 2026
Original Price:
18.0
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  • Photo 10: 291 Wallace St in Nanaimo: Na Old City Retail for lease : MLS®# 1042750
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Listed by 460 Commercial Inc.
Data was last updated July 16, 2026 at 04:05 AM (UTC)
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