489 Wallace St
489 Wallace St · Nanaimo · Offices · MLS 1001440
489 Wallace St is located in Nanaimo. Property snapshot: Offices, MLS 1001440. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 90. Listing timeline recorded.
Local Decision Guide
How should buyers evaluate 489 Wallace St?
Start by reading this listing in its Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.
What should be checked before writing an offer?
- Recent comparable sales, competing active listings, days on market, price changes and current market pace.
- Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
- For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?
To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.
What does this page not replace?
It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.
Listing FAQ
What type of home is this Nanaimo listing?
The page shows Offices at 489 Wallace St. Buyers should still verify strata/land context, interior size, age and inspection findings.
How long has this listing been on the market?
Current records show about 90 days on market/site. Listing timeline recorded.
What should buyers check first on this listing?
Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.
Can AI analysis replace professional advice?
No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.
Auto slideshow from MLS photos.
Recent News
New York City’s Rent Guidelines Board approved a two-year rent freeze for approximately one million rent-stab…
B.C.. Premier David Eby and Prime Minister Mark Carney have unveiled a joint federal-provincial initiative to…
Federal Reserve Bank of New York President John Williams stated on Thursday that U.S.. monetary policy is cur…
Prime Minister Mark Carney has outlined a strategy to purchase unsold, distressed condominiums at a discount…
British Columbia Premier David Eby has addressed public criticism regarding a joint plan by the B.C.. governm…
In a Canadian housing market where many potential buyers remain on the sidelines, some homeowners are adoptin…
The Real Estate Council of Ontario (RECO) has selected four members to serve on its interim board of director…
Grosvenor has submitted a significantly revised rezoning application for its Mayfair West project on the form…
Prime Minister Mark Carney acknowledged that the federal and provincial governments have done a poor job of e…
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).
Last Updated: Sat, 24 Jan 2026 09:42:41 AM PST
Data Provider: Greater Vancouver REALTORS®
Listing Office: RE/MAX Anchor Realty (QU)
Terms of Use Agreement
Terms of Use
This website is operated by Gary Gao, a REALTOR® who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Gary Gao, and CREA.
Copyright
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of 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 completeness or accuracy.
Amendments
Gary Gao may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.