456 Island W Hwy, Parksville, BC V9P 1H2


Courtesy of eXp Realty

List Price
Property Type
Lot Size
Pq Parksville

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.

Additional Information

Lot Features
Central Location, Easy Access, Level, Serviced, Shopping Nearby
Parking Spaces
Parking Type
On Site
Rentals Allowed

Mortgage Calculator

Amount of Loan
Annual Interest Rate
Term of Loan

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

NOTE: 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. This website may only be used by consumers for the purpose of locating and purchasing real estate. By registering on this website I/We consent to the collection, use and disclosure of personal information as described in our privacy policy.
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. Used under license.