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549-563 Island Hwy W
Parksville, BC V9P 1C7
Land For Sale
·
0.49 AC
INVESTMENT HIGHLIGHTS
- Prominent ±390 ft frontage on Island Highway West for maximum exposure
- OCP supports mixed-use and medium-density residential development up to four storeys
- Walking distance to waterfront park, downtown shopping, and major hospitality brands
- Two parcels totaling ±1.45 acres in Parksville’s core retail and residential district
- Existing commercial and residential improvements provide interim income potential
EXECUTIVE SUMMARY
Situated in the heart of Parksville, the Subject Property offers unparalleled access to the amenities, services, businesses, and residential neighbourhoods in the immediate area. Conveniently situated on Island Highway West, the Property ensures a high level of visibility and accessibility from vehicles. The existing commercial and residential buildings at 549 Island Highway West provide holding income potential.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,148,790 USD | Lot Size | 0.49 AC |
| Price Per AC | $4,385,285.99 USD |
| Price | $2,148,790 USD |
| Price Per AC | $4,385,285.99 USD |
| Lot Size | 0.49 AC |
+/- 63,161 SF high-exposure and well-located development property
DESCRIPTION
Positioned in the heart of Parksville along Island Highway West, this exceptional ±63,161 SF development opportunity offers unmatched visibility and accessibility. The property spans two parcels with approximately 390 feet of high-exposure frontage, creating a commanding presence in one of Vancouver Island’s most vibrant communities. Just steps from Parksville’s bustling downtown retail core and the scenic waterfront park, the site benefits from strong pedestrian and vehicular traffic, making it ideal for future mixed-use or residential development
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