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This 0 bedroom, 0 bathroom land is listed for sale at $3,495,000 in Parksville, British Columbia. Lot size: 86,249 sq ft (1.98 acres).MLS® #1024438.
98-acre development site located in the vibrant Seaside community of Parksville. This area is renowned for its walkability, healthy population growth, and strong market demand, making it an ideal location for your next residential project. Currently zoned RS-2, the property allows for a mix of low and medium-density housing, including townhomes, fourplexes, and single-family homes with suites.
The existing zoning permits up to 23 units; however, by leveraging the City of Parksville’s Density Bonusing program, there is potential to increase that to as many as 40 units, depending on the housing type and design. There is greater potential for a portion of this property to be up-zoned to RS-3, allowing for higher densification. With its favourable demographics and robust real estate market, this site presents an exceptional opportunity for significant residential development.
Don’t miss your chance to capitalize on the growing demand in Parksville!
Looking for homes for sale in Parksville? Browse Parksville real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Part of the Parksville/Qualicum area.
Property Type
Land
Lot Size
86,249 sq ft(1.98 acres)
Bedrooms
0
Bathrooms
0
Neighborhood
Parksville
MLS® Number
#1024438
View comprehensive market analysis for Dunbar Way including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Dunbar Way Market Report98-acre development site located in the vibrant Seaside community of Parksville. This area is renowned for its walkability, healthy population growth, and strong market demand, making it an ideal location for your next residential project. Currently zoned RS-2, the property allows for a mix of low and medium-density housing, including townhomes, fourplexes, and single-family homes with suites.
The existing zoning permits up to 23 units; however, by leveraging the City of Parksville’s Density Bonusing program, there is potential to increase that to as many as 40 units, depending on the housing type and design. There is greater potential for a portion of this property to be up-zoned to RS-3, allowing for higher densification. With its favourable demographics and robust real estate market, this site presents an exceptional opportunity for significant residential development.
Don’t miss your chance to capitalize on the growing demand in Parksville!

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Parksville/Qualicum community, including the Parksville neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$18,975
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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