Retail for Sale — Old City, Nanaimo, BC
$18
291 Wallace St, Nanaimo, BC V9R5B4
Property details
Structured details
- Ownership
- Freehold
- Zoning
- DT2
- Structure type
- Retail
- Parcel ID (PID)
- 001-792-261
Listing Information
- MLS®
- 1042750
- Listed
- July 15, 2026
- Time on market
- 61 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
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. (id:63159)
Location
Local market size (Nanaimo)
- Population
- 99,863(+10.3% since 2016)
- Population density
- 1,104.1/km²
- Median household income
- $75,500
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 23.4%
- Postsecondary below bachelor's
- 32.6%
- High school diploma
- 30.5%
- No certificate/diploma
- 13.5%
Population aged 15 and over.
Commute
- Car, truck or van
- 86.8%
- Public transit
- 4.0%
- Walked
- 5.2%
- Bicycle
- 1.4%
- Other
- 2.6%
Commute duration
- Under 15 min
- 45.9%
- 15–29 min
- 36.0%
- 30–44 min
- 10.4%
- 45–59 min
- 3.0%
- 60+ min
- 4.7%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Flamez Chicken · 299 Wallace Street13m
- La Stella Trattoria · 321 Wesley Street115m
- Bistro Taiyo · 321 Wesley Street122m
- The Masala Culture · 428 Fitzwilliam Street149m
- Waffle Magic · 427 Fitzwilliam Street153m
Cafes (5+)
- Real Food Café · 321 Wesley Street129m
- Bocca Café · 427 Fitzwilliam Street160m
- Kitties and Cream · 437 Fitzwilliam Street177m
- White Rabbit Coffee Co · 321 Selby Street251m
- Modern Café · 221 Commercial Street255m
Grocery (5+)
- The Green Store: Discount Organic · 256 Wallace Street42m
- ManLee Oriental · 385 Terminal Avenue213m
- Levant Foods · 56 Victoria Crescent473m
- Thrifty Foods · 650 Terminal Avenue587m
- Superette661m
Shopping (2)
- London Drugs · 650 Terminal Avenue564m
- Port Place Shopping Centre · 650 Terminal Avenue572m
Parks (5+)
- Lions Square Park · 280 Wallace Street36m
- Dallas Square Park · 85 Front Street343m
- Bastion Square Park · 94 Front Street381m
- Catherine Gisborne Garden383m
- Anchor Way Park · 20 Anchor Way394m
Gyms (3)
- Iyengar Yoga Nanaimo · 335 Wesley Street150m
- Force Boxing & Fitness · 165 Fraser Street203m
- Kind Society Yoga382m
Pharmacies (2)
- Wallace Pharmacy274m
- Central Drugs393m
Banks & ATMs (5+)
- Royal Bank of Canada · 205 Commercial Street216m
- Scotiabank · 65 Commercial Street246m
- Scotiabank · 65 Commercial Street265m
- Coastal Community Credit Union · 59 Wharf Street304m
- CIBC · 650 Terminal Avenue544m
Healthcare (5+)
- Allius Services Inc.44m
- Unnamed52m
- Harbour City Physiotherapy75m
- Child & Youth Mental Health154m
- Nanaimo Forensic Psychiatric Services156m
Nearby places data: © OpenStreetMap contributors.
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All in Nanaimo →Frequently asked questions
What is the asking price for this business?
This listing is available for lease at $18.
Where is this business located?
This listing is located in Nanaimo, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.