$1,999,000

Investment For Sale In Parksville, British Columbia

$1,999,000

Property Information:

Development Opportunity in a Prime Parksville location! Plans are already drawn to construct a 26 unit townhome complex on a 1.027 acre lot that is right across the street from the new Quality Foods. Next door is the 253 rental unit Cascara development and 360 Moilliet St is building 87 units. Current zoning RS-1 but OCP has designated 'Transitional Residential' meaning potential to rezone Multifamily and the application process for RS-3 High Density is already underway. With City of Parksville approval, build the 26 townhomes or bring your own development ideas. Buyers to do their own Due Diligence of course. Walk to school, Oceanside Health Centre, senior care, shopping, downtown, the beach. This location has it all. All Utilities available: electricity, water, natural gas, telephone, sewer. Property is currently tenanted -- collect rent until zoning application is approved. Endless potential. Call listing agent to make an appointment.

Inclusions: Real Estate

Property Features:

  • Annual Tax Amount: $4,424
  • Building Features: Basement
  • Construction Materials: Frame Wood, Vinyl Siding
  • Cooling: None
  • Exterior Features: Balcony/Deck, Fencing: Partial
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Inclusions: Real Estate
  • Lot Features: Central Location, Easy Access, Level, Recreation Nearby, Rectangular Lot, Shopping Nearby
  • Lot Frontage: 44431.2 Square Feet
  • Lot Size: 1.02 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Utilities: Cable Available, Electricity Connected, Garbage, Natural Gas Available, Phone Available
  • View: Mountain(s)
  • Water Source: Municipal
  • Zoning: RS1
  • Sewer:
  • No. of Parking Spaces: 2

Courtesy of: Royal LePage Parksville-Qualicum Beach Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.