Royal LePage Nanaimo Realty
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 985368
- Photos (18)
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Currently zoned RS-1 but the OCP encourages multi-family or bring your ideas. Ready for rezoning to construct 26 townhomes across 3 buildings on a 1.027 acre level lot, with a Site Plan, Geotechnical Study, Traffic Study and Engineering Report available on request. Parksville's Official Community Plan has designated the area "Transitional Residential" and the City has been very supportive so far. Explore higher density R3 to RDH-4 and build condos, apartments, etc. Buyers to do their own Due Diligence. Next door is the 253 rental unit Cascara development and 360 Moilliet St is building 87 units. Located across the street from Quality Foods, Cascadia Liquor, Oceanside Health Centre and Springwood Elementary. Walk to School, Shopping, Downtown, the Beach. Property is currently tenanted at $2000pm.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- See Remarks
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- PQ Parksville, Parksville/Qualicum
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 1.02 acre(s)
- Taxes:
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- Ceiling Heights:
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- Total Building Area:
- 1,082 sq. ft.
- Total Potential Area:
- 1,082 sq. ft.
- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Parksville
- Legal Description:
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- Zoning:
- RS-1
- Legal Non-Conformance:
- No
- Lot Site Features:
- Acreage, Central Location, Level, Serviced
- Parking Features:
- On Site
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Feb 13, 2025
- Original Price:
- 1950000.0
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Listed by Royal LePage Coast Capital Realty
Data was last updated October 5, 2025 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 32
- Avg list price:
- $812,450
- Min list price:
- $19,999
- Max list price:
- $6,500,000
- Avg days on market:
- 65
- Min days on market:
- 12
- Max days on market:
- 471
These statistics are generated based on the current listing's property type
and located in
PQ Parksville. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DAVID BAINS
- ROYAL LEPAGE NANAIMO REALTY
- 1 (250) 7587653
- Contact by Email
Royal LePage Nanaimo Realty
Location
4200 Island Highway North
Nanaimo, BC, V9T 1W6