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$ 1,750,000
Est. payment | /mo
1.16 Acres Lot
$ 1,750,000
Est. payment | /mo
1.16 Acres Lot
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Port Alberni
MLS® Listing ID 929425
Style Contemporary,Cottage,Cabin,Westcoast
Originating Board Vancouver Island Real Estate Board
Year Built 1951
Lot Size 1.160 Acres
Acres 50529.6
Property Description
Two flat, deep tandem lots with direct highway access at the epicentre of Port Alberni's rapidly growing commercial core and main Gateway access. Currently holding 2 '50s quads and 2 SFD's. But the latent value is in the land and its ULTRA high visibility location. These 2 properties (with 5 others adjacent and nearby mobile home park) are subject to imminent amalgamation into the City of Port Alberni. A new subdivision is also planned one block away. This package offering is prime for ''core use'' rezoning, which allows for a mixed uses development as per city's Planning Dept - up to approx. 70% lot coverage. (FAR determined by developer) Walmart and Canadian Tire malls are directly adjacent on the Alberni highway and municipal sewer right at the rear lot line. With dual driveway access, this location is just waiting for your creative mixed-use vision! With new investments in its waterfront and the housing market/infill booming, Port Alberni is by far the most affordable investment on Vancouver Island. Development permits are going before the local council April 22/2024! Be a part of it - https://www.albernivalleynews.com/news/san-group-unveils-1-1-billion-housing-plan-for-port-alberni/ Call for info package Re: developments in the city/services update. All measurements are approximate verify if important. (id:24570)
Location
Province BC
Zoning Residential/Commercial
Interior
Heating Baseboard heaters,
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Architectural Style Contemporary, Cottage, Cabin, Westcoast
Others
Ownership Freehold
Listed by RE/MAX of Nanaimo
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