365 S Moilliet St

PQ Parksville Parksville V9P 1K1

Development Opportunity in Parksville's New High Density Hot Spot! Unique Property on a 0.98 acre flat lot is Perfectly Situated across the street from the new Quality Foods Shopping Plaza & 87 unit development at 360 Moilliet St. Next door is the 253 unit Cascara development at 411 & 423 Despard Ave. Current zoning RS-1 but OCP has designated Transitional Residential' meaning potential to rezone Multifamily. RS-3 High Density allows between 30-48 units and RDH-4 (what Cascara has) allows 50-65 units, incentive bonuses depending. Buyers to do their own due diligence. Build luxury condos with both Mountain & Ocean views. Walk to school, Oceanside Health Centre, senior care, shopping, downtown, the beach. Location has it all. All Utilities available: electricity, water, natural gas, telephone, sewer. Property has 2 great homes -- rent them both out until zoning application is approved. Plus the next door development site is renting the back of property for $1,000 month