420 Bay Ave, Parksville, British Columbia V9P 1E1

Listed for:
$1,339,000
3 beds
2 baths
Listed 170 days ago
House for rent: 420 Bay Ave, Parksville, British Columbia V9P 1E1

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Learn more about this property
Listing provided by:
Macdonald Realty Victoria
MLS® number:
948525
Agent:
Thaddeus Monckton
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About

Excellent Oceanview Downtown Development Opportunity.This unique offering is for both 420 Bay and 283 Dogwood and comes with 3 rental houses and a large shop. The sites assembled offer approximately 23,550 sqft. Once rezoned to higher density it could potentially support 35,000+ sqft of buildable area at a 1.5 FAR. Four Story Condo could support 43 units depending on underground parking, or medium density for 14 three story 3,000 sqft Townhomes.The site is in the core of Parksville with beach access across the street , Ocean Views, new infrastructure and street improvements and no protected trees. This is a must see and amazing location with Ocean Views and steps to the Beach. Both properties at 283 Dogwood Street (mls-948770) and 420 Bay Avenue (mls-948525) must be sold in conjunction with each other under the same terms, dates and conditions. Easy to view. Main homes short term rentals and tenant in Suite above garage at 420 Bay. Need 24 hour notice to view suite.Touchbase Thaddeus. (id:27476)

Property Highlights

Type
House
Cooling type
None
Heating fuel
Natural gas
Fireplace
No
Construction material
Parking space
8
Ownership Type
Freehold
Amenities nearby

Location

Summary

This property is a unique opportunity for downtown development with excellent ocean views. It includes both 420 Bay and 283 Dogwood, along with 3 rental houses and a large shop, offering a total of approximately 23,550 sqft. Once rezoned to higher density, it has the potential to support 35,000+ sqft of buildable area at a 1.5 FAR. This could mean a four-story condo supporting 43 units with underground parking, or medium density for 14 three-story 3,000 sqft townhomes.

The site is centrally located in Parksville with beach access across the street, ocean views, new infrastructure and street improvements, and no protected trees. It is a must-see location with ocean views and steps to the beach. Both properties at 283 Dogwood Street and 420 Bay Avenue must be sold together under the same terms, dates, and conditions. The main homes are available for short-term rentals, and there is a tenant in the suite above the garage at 420 Bay. A 24-hour notice is required to view the suite. Please contact Thaddeus for more information.

This property is currently for sale and has a land size of 12,893 sqft. It is located at 420 Bay Ave in the city of Parksville, British Columbia, with a postal code of V9P1E1. The house has a total of 2 bathrooms and 3 bedrooms, and uses natural gas as a heating fuel with forced air and heat pump heating. It is classified as a house.