Exciting Development Property. This expansive 5 acre property has amazing potential for future development with Residential and Commercial site specific zoning in place. Ideally located close to Coombs, this parcel is surrounded by nature trails and is 2 minutes to the Old Country Market and Goats on the Roof. The unique zoning, R-1.6, allows for nine dwelling units, 3 manufactured homes, as well as a retail store with a floor area of up to 10,000+ square feet. The current dwellings, which includes 8 homes as well as an 8 pad mobile home park are all income generating with excellent tenants in place. All existing dwellings are being sold as is, and all mobiles are privately owned, and are not included in the sale. There is a licensed and inspected water system in place, as well as a septic pump system to service all of the dwellings. There is unlimited potential here so don't miss out on this great opportunity!
Address
1015/1021 Virginia Rd
List Price
$1,495,000
Sold Date
30/11/2021
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Parksville/Qualicum
Sub-Area
PQ Errington/Coombs/Hilliers
Bedrooms
12
Bathrooms
6
Floor Area
3,000 Sq. Ft.
Lot Size
196020 Sq. Ft.
Year Built
1955
MLS® Number
886549
Listing Brokerage
Royal LePage Parksville-Qualicum Beach Realty (PBO)
Basement Area
Crawl Space, None
Postal Code
V0R 1V0
Tax Amount
$4,668.00
Tax Year
2020
Features
Baseboard, Eating Area
Amenities
Accessible Entrance, Acreage, Shopping Nearby
