Courtesy of Royal LePage Parksville-Qualicum Beach Realty (QU)
Development Opportunity in Parksville's New High Density Hot Spot! This Unique Property on a 0.98 acre flat lot is Perfectly Situated across the street from the new Quality Foods Shopping Plaza and the 87 unit development at 360 Moilliet St. Next door is the 253 unit Cascara development at 411 & 423 Despard Ave. Current zoning RS-1 but OCP has designated 'Transitional Residential' meaning potential to rezone Multifamily. RS-3 High Density allows between 30-48 units and RDH-4 (what Cascara has) allows 50-65 units, incentive bonuses depending. Buyers to do their own due diligence. Build luxury condos with both Mountain and Ocean views. Walk to school, Oceanside Health Centre, senior care, shopping, downtown, the beach. This location has it all. All Utilities available: electricity, water, natural gas, telephone, sewer. Property has 2 great homes -- rent them both out until zoning application is approved. Plus the next door development site is renting the back of property for $1,000 month
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