5350 Falls St
Port Alberni, British Columbia
MLS® 1039995
$2,499,900
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 1039995
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 12Listing description
Shovel-ready riverside development opportunity on 5. 84 acres along the Somass River. Preliminary Layout Review (PLR) in hand from the City of Port Alberni for 31 bare-land strata lots - the heavy lifting is done.
Zoned RM1 (Low Density Multi-Residential) so the options are wide open: build the planned 31-lot community, develop townhomes, duplexes or multi-family, hold it as one private estate acreage, or reconfigure into 8-10 larger waterfront lots from a half-acre & up sized to allow a home plus a shop. Flexibility to design for today's market & maximize returns. Thoughtfully planned community with a walking trail, river viewpoints & beach access in a natural setting.
Minutes to Clutesi Haven Marina, with easy access to Sproat Lake & Tofino. Sale includes PLR plus full subdivision package: engineering reports, DFO approvals, Disclosure Statement & QS reports. Ideal for investors, builders, end-users, or developers.
Buyer to confirm uses, lot configurations& density with the City.
Property summary
- MLS® number
- 1039995
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 5.84 acres
- Annual property taxes
- $14,180.99
- Days on market
- 95 days
Features & details
- Lot features
- Acreage, Other
- View
- Mountain view, River view, View, Valley view
- Waterfront
- Waterfront on river
What would this home cost you?
Based on the $2,499,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Real Broker, Campbell River.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.