Parksville B.C Commercial Property for sale: (Listed 2014-10-22)


Multi-Family Development Property, Parksville, BC

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  • Sold on 2017-03-15
  • Property AddressMulti-Family Development Property, Parksville, BC, Canada
  • TypeCommercial Property

Multi-Family Development Property, Parksville, BC, Canada


Investor alert! Build up to 33 units, prime multi-family zoned vacant development site 3 blocks from the beach, walking distance to all amenities. Parksville has the lowest vacancy rate of the region. Ideal rental apartment development.

0.83 of an acre multi-family development site right in the heart of Parksville on Vancouver Island. The property is situated a few blocks to the beach, walking distance to all major amenities and right on the bus route. In fact the bus stop is right in front of this property.

RS3 zoning permits construction of up to 33 housing units based upon the properties size. All city services are available to the property line.

The property is completely flat, graded and ready for construction.

Parksville has the lowest rental vacancy rate within the entire region.

The property is ideal for apartment development for the rental market given the demand for housing needs within the city.

Location :
Parksville is situated on Vancouver Island 37 km North West of Nanaimo. Once in Parksville the property is situated on the South side of Corfield St. at the intersection of Jensen Ave.

Access :
Travelling on Hwy 19 exit onto Hwy 4A to Parksville. Turn Right on to Jensen Ave Travel roughly 4 blocks to the intersection of Corfiled St.

Improvements :
Vacant site

Investment Features :
Potential to build up to 33 units

Services :
All city services

Area Data :

Parksville is best known for its large sandy beaches at Parksville Bay and Craig Bay. The city's best-known annual event, since 1982, is a sandcastle-building competition in the summer, dubbed "Parksville Beachfest". Beachfest is a World Championship Sand Sculpting official qualification event.

Local media, businesses and civil services frequently refer to Parksville, with its adjacent municipalities, as the community of "Oceanside" typically including Qualicum Beach, French Creek, Coombs/Hilliers, Errington and Nanoose

Tertiary sector and secondary sector jobs make up the largest part of the Parksville economy. The three largest types of occupations in Parksville are the service industry, the construction industry and the business, financial and administration industries. These are the largest sectors of the city's economy largely due to the summer tourism industry and a large influx of retirees moving into the area. There is also a fair amount of primary sector industry in the surrounding areas of Parksville, primarily fishing and forestry.

There is an industrial park located in the south-east section of the city, which includes many small tradesman shops.

At the 2011 census Parksville's population is 11,977 and it is the 15th-largest municipality on Vancouver Island in terms of population.

Zoning :

Legal :

Lot A, District Lot 4, Nanoose District, Plan VIP59960

PID 019-023-715

Taxes :
$5,249.81 (2013)

Boundaries :
See maps



Buyers should verify any information provided that is important to them to their sole satisfaction. Our best efforts have been made to provide the most current and accurate information from sources believed to be reliable.

 Real Estate Listing provided by
  • BC Land & Waterfront For Sale
  • Mobile: 1-(604) 483-1605
  • Office Phone: 604-694-7626
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  • LandQuest Realty Corp
  • # 101 - 313 Sixth Street
  • New Westminster, BC
  • V3l 3A7