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$ 4,000,000
Est. payment | /mo
1.98 Acres Lot
$ 4,000,000
Est. payment | /mo
1.98 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 979410
Rental Info Unrestricted
Annual Tax Amount $16,623
Tax Year 2023
Lot Size 1.980 Acres
Acres 1.98
Property Sub-Type Multi Family
Property Description
We are pleased to present a prime 1.98-acre development site located in the vibrant Seaside community of Parksville. This area is renowned for its walkability, healthy population growth, and strong market demand, making it an ideal location for your next residential project. Currently zoned RS-2, the property allows for a mix of low and medium-density housing, including townhomes, fourplexes, and single-family homes with suites. The existing zoning permits up to 23 units; however, by leveraging the City of Parksville's Density Bonusing program, there is potential to increase that to as many as 40 units, depending on the housing type and design. There is greater potential for a portion of this property to be up-zoned to RS-3, allowing for higher densification. With its favourable demographics and robust real estate market, this site presents an exceptional opportunity for significant residential development. Don't miss your chance to capitalize on the growing demand in Parksville!
Location
Province BC
County Parksville, City Of
Area Parksville/Qualicum
Building
Lot Description Acreage
Others
Pets Allowed Yes
Tax ID 031-081-291
Ownership Freehold
Listed by Royal LePage Parksville-Qualicum Beach Realty (QU)