BC > Parksville
Parksville, BC V9P 1H2,456 Island Hwy W
Parksville, BC V9P 1H2,456 Island Hwy W
Parksville, BC V9P 1H2,456 Island Hwy W
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Dallas King

Dallas King

+1(250) 858-5465
$1,698,000
Est. payment /mo
0.45 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 994571

Rental Info Unrestricted

Annual Tax Amount $4,269

Tax Year 2025

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Multi Family

Property Description

For Sale - 456 Island Highway West is a 19,558 square foot (0.45 acre) Comprehensive Development (CD-32) zoned site in the North end of Parksville that has preliminary plans for a 28-unit, 4storey, wood-frame apartment building with an underground concrete parkade. This address has frontage along the Island Highway, backs onto Mark's Nature Park and is immediately adjacent to a ongoing 79-unit multifamily project. The preliminary plans for the site are for 16 one-bedroom and12 two-bedroom units built to an Floor Area Ratio (FAR) of 1.35; the current CD-32 permits development to a max FAR of 1.8. A services bond for the sum of $162,233.96 has been paid to the City by the current ownership for the due performance of site servicing. This bond functions as an incentive to purchasers to mitigate off-site servicing costs and will be returned to the buyer upon completion of off-sites. The property is currently tenanted and tours must be arranged and facilitated through listing agents

Location

Province BC

County Parksville, City Of

Area Pq Parksville

Zoning CD32

Exterior

Parking On Site 1

View Y/N Yes

View Mountain(s), Ocean

Total Parking Spaces 4

Building

Lot Description Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, See Remarks

Others

Tax ID 005-791-898

Ownership Freehold

Acceptable Financing Agreement for Sale

Listing Terms Agreement for Sale

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Listed by Colliers International (Nan)
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+1(250) 858-5465

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202-3440 Douglas St, Victoria, V8Z, 3L5, Canada

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