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!
Address
279 Dunbar Way
List Price
$4,000,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Area
Parksville/Qualicum
Sub-Area
PQ Parksville
Lot Size
86118 Sq. Ft.
Lot Size (Acres)
1.98 Ac.
MLS® Number
979410
Listing Brokerage
Royal LePage Parksville-Qualicum Beach Realty (QU)
Postal Code
V9P 0G6
Tax Amount
$16,623.00
Tax Year
2023
Amenities
Acreage