$1,950,000

Investment For Sale In Parksville, British Columbia

$1,950,000

Property Information:

Rare Development Opportunity in Parksville's High Density Hot Spot. Ready for rezoning to construct 26 townhomes across 3 buildings on a 1.027 acre level lot, with Site Plan, Geotechnical Study, Traffic Study and Engineering Report available on request. Parksville's Official Community Plan has designated the area 'Transitional Residential' meaning strong potential to rezone Multifamily to R3 and the City has been very supportive so far. Explore higher density to RDH-4 and build condos. Buyers to do their own Due Diligence. With so many projects in the area -- next door is the 253 rental unit Cascara development and 360 Moilliet St is building 87 units -- bring your development ideas. Located across the street from Quality Foods, Cascadia Liquor, Oceanside Health Centre and Springwood Elementary. Walk to School, Shopping, Downtown, the Beach. This location has it all. Property is currently tenanted -- collect $2,000pm until your zoning application is approved. Build Your Dreams Today.

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: Acreage, Central Location, Easy Access, Level, Recreation Nearby, Rectangular Lot, Serviced, 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.