REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,999,900
Est. payment | /mo
20.85 Acres Lot
$ 5,999,900
Est. payment | /mo
20.85 Acres Lot
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Errington/Coombs/Hilliers
MLS® Listing ID 1024726
Lot Size 20.850 Acres
Acres 20.85
Property Sub-Type Freehold
Property Description
Prime investment opportunity in the heart of Errington, BC, offered significantly below assessed value and replacement cost. Set on 20+ acres of level, fertile agricultural land, this highly versatile property features approximately 38,500+ sq ft of improvements designed to support large scale production, processing, and a range of alternative commercial uses. The main 26,000 sq ft state of the art cannabis production facility was constructed in 2018/2019 and includes production and processing licenses in place. An 8,810 sq ft warehouse is rented to an agricultural grower, providing immediate holding income, with flexibility for future owner use. Two residential suites further enhance income potential, including a two bedroom suite and a larger four bedroom residence located above the warehouse with access off Burgoyne Road. Zoning CD 16 permits a wide range of uses including farm operations, dwelling units, retail, restaurant, farm business, and home based business, making the property well suited for agricultural production, food processing, rural commercial, or mixed use operations, subject to approvals. Ideally located just 8 minutes to downtown Parksville, 36 minutes to the Departure Bay ferry terminal, and 43 minutes to Nanaimo Airport, the property offers excellent access for staff, logistics, and distribution. Prominent highway frontage along the Alberni Highway near the highly popular Coombs Market provides strong visibility and future producer retail store potential. Licensed facilities of this scale, flexibility, and land base are rarely available, making this a unique opportunity to acquire a highly adaptable, income producing rural asset with significant long term upside in one of Vancouver Island's most desirable agricultural communities. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by REMAX Professionals (NA)
NEARBY SCHOOLS & PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "