- Active
351 Wesley Street
Nanaimo · Other
Listed by Royal LePage Nanaimo Realty (NanIsHwyN) · MLS® 1051902
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
Discover a rare opportunity in the heart of Nanaimo’s beloved Wesley Street Square. This beautiful character home has been completely restored, thoughtfully blending timeless heritage charm with modern comfort and peace of mind. Zoned for both commercial and residential use, the property offers exceptional flexibility—create a distinctive home, professional office, boutique business, or an inspiring live/work space. Adding even more potential, the property allows for the construction of an additional building for residential or commercial use, subject to City approvals. Located in the heart of the Old City, just steps from downtown shops, restaurants, amenities and the waterfront, this is more than a beautiful home—it’s an opportunity to create a lifestyle, business or investment in one of Nanaimo’s most charming and unique neighbourhoods.
Home facts
- Lot size
- 5,280 sq ft
- Parking
- 3
- Property type
- Other
- Area
- Old City
- Listed
- October 8, 2026
- Structure
- Other
- PID
- 000-118-915
- Common interest
- Freehold
Highlights
- Waterfront
Features and inclusions
- Lot
- Central location, Other, Marine Oriented
Rooms and building
- Water
- Zoning
- Unknown
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $4,640
- Property tax
- $283/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,074
Purchase snapshot
- List price
- $979,000
- Down payment
- $195,800 (20%)
- Estimated mortgage
- $783,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $7,158
- At 7.3118 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Nanaimo
Ten year average, 2016–2025.
- Average temperature
- 10.4°C
- Daily mean across the year.
- Yearly precipitation
- 0 mm
- On the drier side for BC.
- Bright sunshine
- 1,940 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 36%
