Address
6001/6010 Island Hwy W, Qualicum Beach, BC
Price
$ 4,999,900
Property Attributes
- ID#1049440
- TypeCommercial
- Listing Status Active
- MunicipalityQualicum Beach
- CityQualicum Beach
- AreaQualicum Beach
- NeighbourhoodQualicum Beach
- Postal CodeV9K 2E1
- Style
- Price$ 4,999,900
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Lot Size3.09 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property 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 and includes 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 currently home to a popular seasonal food business. Zoned C1.6 under RDN Bylaw 2500, the property offers a proven going concern today at an approximate 8.1% capitalization rate, with meaningful room to grow. Current density sits at roughly 7.8 units per acre against zoning that contemplates considerably more, leaving unused development potential for an investor or builder to explore. Several accommodation units also rent well below comparable units in the same building, a documented path to stronger returns over time. The waterfront vendor site offers a further opportunity, giving an owner operator a ready made location for a food or hospitality venture. Fronting Island Highway West in Qualicum Bay, 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, it sits in one of Vancouver Island's most desirable seaside communities. The five civic addresses can be operated as a single 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. Full financial package will be available to qualified buyers. Zoning and permitted uses to be confirmed by the buyer. (id:7434)
General Features
| Features | Acreage, Partially cleared |
|---|---|
| Property Type | Other |
| Zoning Description | C1.6 |
| ZoningType | Unknown |
| Neighbourhood | Qualicum Beach |
| Building Type | Commercial Mix |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | False |
|---|
Exterior Features
| Water Front Type | Waterfront on ocean |
|---|---|
| ViewType | Mountain view, Ocean view |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in V9K 2E1
Price
