5350 FALLS STREET - $2,750,000

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$2,750,000
5350 FALLS STREET
Port Alberni, British Columbia V9Y9G3
MLS® Number: 1039995
Vacant LandType

About This Property

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. (id:64973)

Property Details

Lot Size5.84 (6 acres)
Property TypeVacant Land
ViewMountain view, River view, View, Valley view
Annual Taxes$14,181
CityPort Alberni
Postal CodeV9Y9G3
MLS® #1039995

Location

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