456 Island Hwy W Parksville, British Columbia V9P 1H2


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. .45 acres 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. (id:16027)

Property Details

MLS® Number 938744
Property Type Multi-family
Neigbourhood Parksville
Features Central Location, Level Lot, Other
Parking Space Total 4
Plan Vip6988
View Type Mountain View, Ocean View


Type Multi-family


Acreage No
Size Irregular 19558
Size Total 19558 Sqft
Size Total Text 19558 Sqft
Zoning Description Cd32
Zoning Type Unknown



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Contact Jeff King, Realtor®

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To contact Jeff King directly to discuss your real estate needs, please do one of the following:

Phone me at 250-751-4902
Email me using the form to the right

If you prefer regular mail, you can send me your letter mail in care of the Sutton Group – West Coast Realty address below.

Sutton West Coast Realty

604 – 5800 Turner Road
Nanaimo BC V9T 6J4

Office phone: 250-756-2112
Office fax: 250-756-9144