$2,975,000

Parksville BC, V9P 1C7

MLS® # 1021092

Property Information:

1.45 acre high exposure development property located just north of downtown Parksville. Comprised of two parcels of land; the OCP designates 549 Island Highway West as Mixed Use Commercial (MXHC) allowing for 40 units per hectare and 563 Island Highway West as Transitional Residential (TR) allowing for typical density between 20 and 40 units per hectare. 549 Island Highway West is currently operated as Temple Convenience Store and also features a 5 bedroom and 3 bathroom detached house on the property. This is an excellent opportunity to either run and operate the existing business or redevelop the two properties. Contact listing agent for further details

Property Features:

Annual Tax Amount: $13,018
Built in: 1921
Lot Frontage: 63161 Square Feet
Lot Size: 1.45 Acres
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Zoning: RS1 & C1

Courtesy of: Colliers International (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 549 & 563 Island Hwy WEST, Parksville, BC, V9P 1C7

Lifestyle
Neighbourhood

Demographic Information of 549 & 563 Island Hwy WEST, Parksville, BC, V9P 1C7

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$90,921.68

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.47 %

High school certificate or equivalent

34.31 %

Apprenticeship trade certificate/diploma

12.24 %

College/non-university certificate

24.48 %

University certificate (below bachelor)

0.74 %

University Degree

14.76 %

Commuter

Travel To Work

By Car

89.7 %

By Public Transit

0.1 %

By Walking

6.19 %

By Bicycle

0.04 %

By Other Methods

3.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

5.96 %

Houses

94.04 %

Own Vs. Rent