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 carries 24 income units across diversified revenue: motel style accommodation, 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 food business. Zoned C1.6 under RDN Bylaw 2500, the property delivers proven income today at an approximate 8.1% capitalization rate, with unused density and repositioning upside. It sits in a sought after coastal corridor known for boating, fishing, and beachfront living. Operate as a single asset or reposition in stages. Full financial package will be available to qualified buyers. Zoning and permitted uses to be confirmed by the buyer.
