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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 Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Parksville
MLS® Listing ID 979410
Lot Size 1.980 Acres
Acres 1.98
Property Sub-Type Freehold
Source Vancouver Island Real Estate Board
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! (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Parksville-Qualicum Beach Realty (QU)
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Nick Palumbo
Agent | License ID: 5043946