456 Island W Hwy, Parksville, BC V9P 1H2

Property Description

28 unit development opportunity in highly desirable Parksville with quick access to one of Canada’s most spectacular beaches, parks and downtown amenities. Zoning has recently been changed to a newly designated and desirable CD-32 comprehensive development zoning which allows for a wide range of uses such as multi-family, tourist accommodation, assisted living and congregate care facility and home based business. The ability to accommodate short term rentals such as Airbnb lets individual investors provide units or lock offs as accommodation for the approx. half a million tourists that make Parksville their holiday destination every year. Includes approx $191,590 of soft costs that were paid to the town of Parksville. The property is approx. 0.45 acre or 19,558 sq/ft and has a maximum buildable area of approx. 35,204.45 sq/ft. Sellers have a set of plans for a 28 unit, 4 storey residential building that has ocean views from the upper floors. Please inquire for a detailed info package.