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549-563 Island Hwy W 1.45 Acres of Commercial Land Offered at $2,176,617 USD in Parksville, BC V9P 1C7



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
Property Facts
| Price | $2,176,617 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.45 AC |
| Property Type | Land | ||
| Zoning | C1 - Local Commercial | ||
| Price | $2,176,617 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.45 AC |
| Zoning | C1 - Local Commercial |
1 Lot Available
Lot
| Price | $2,176,617 USD | Lot Size | 1.45 AC |
| Price Per AC | $1,501,138.98 USD |
| Price | $2,176,617 USD |
| Price Per AC | $1,501,138.98 USD |
| Lot Size | 1.45 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
Presented by
549-563 Island Hwy W
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