Royal LePage Parksville – Qualicum Beach Realty, 314 East Island Highway, Parksville, B.C. V9H 2H1Toll Free: 888 • 954 • 4433joanne@joanneferreiro.com
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Royal LePage Parksville – Qualicum Beach Realty, 314 East Island Highway, Parksville, B.C. V9H 2H1Toll Free: 888 • 954 • 4433joanne@joanneferreiro.com

5315 DEEP BAY DRIVE

CENTRAL VANCOUVER ISLAND WALK ON OCEAN FRONT DEVELOPMENT PROPERTY

A rare opportunity to acquire a spectacular ¼ mile walk on waterfront with iconic views of Chrome Island and the mainland mountains, in a protected bay on Central Vancouver Island. This versatile 7 acre commercially-zoned property can be developed into an estimated 30 vacation rental condominiums, a resort lodge with cottages, a private family estate or for four luxury ocean front residences -  the acreage is already subdivided into 4 lots.

Strategically located in the thriving community of Deep Bay, within close proximity to ferry services from Vancouver, between the Courtenay and Nanaimo international airports and with easy access to the Gulf Islands, this region is poised for significant residential and tourism development, enthusiastically supported by a regional government Community Futures Plan.

Deep Bay is already a popular tourist haven in the Oceanside area of Vancouver Island encompassing Parksville, Qualicum Beach, Horne Lake, Spider Lake and Bowser. With its mild climate, beautiful forests, ocean beaches, spectacular mountains, magnificent and varied wildlife, and bountiful flora it is also a premier retirement destination favoured by families from across Canada and the world. Remote working opportunities are creating an influx of younger families looking for promising real estate investment and an active outdoor lifestyle, primarily from nearby Victoria and Vancouver.

A scarcity of upscale vacation accommodation in the immediate area and thriving tourism, provides significant opportunity for this unique site to be developed into a popular resort comprising a spa resort, individual condos or apartments, while the high demand for walk on ocean front residences offers another option for significant return on investment by using individual lots to build separate homes.

The property is currently operated as popular RV park providing an immediate opportunity for interim or long-term income in its present state.

Bring your creative ideas to this unique and versatile property for a secure investment with significant growth potential.

ASKING PRICE: $3,750,000

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