Description

An exceptional commercial investment in Qualicum Beach, on central Vancouver Island. Located in Qualicum Bay, the offering comprises two freehold parcels totalling approximately 3.09 acres, including a waterfront portion with about 155 feet of walk on frontage on the bay. This established mixed use property generates income across 24 units and several revenue streams: a motel style accommodation building, twelve RV pads, self contained suites, a mobile home, a 2010 rancher, suites above garage bays, and a waterfront vendor site home to a popular seasonal food business. Zoned C1.6 under RDN Bylaw 2500, the property shows an approximate 9.1% cap rate based on 2025 income, which included short term rentals. The property is now operated on long term monthly tenancies, and current income differs. It is professionally managed off site with minimal owner involvement. Current density sits at roughly 7.8 units per acre against zoning that contemplates considerably more, leaving unused potential for an investor or builder. Several units also rent below comparable units in the same building, a clear path to stronger returns. The waterfront vendor site gives an owner operator a ready made location for a food or hospitality venture. Fronting Island Highway West, the property enjoys steady exposure in a growing coastal corridor prized for boating, fishing, golf, and beachfront recreation, minutes from the shops and services of Qualicum Beach and a short drive to Parksville, in one of Vancouver Island’s most desirable seaside communities. The five civic addresses can be operated as one asset, held for diversified income, or repositioned in stages. Whether held for its blend of accommodation, residential, and vendor income, expanded under its existing zoning, or explored for future redevelopment, this is a versatile and scarce offering. Motivated seller, bring all offers. Full financial package available to qualified buyers. Buyer to confirm zoning and permitted uses. (id:2469)

Features

Acreage, Partially cleared

Listing Provided By

REMAX Professionals (NA)

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