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Ten acres of Parksville land sold for $3.7 million

The land is zoned for residential development, including 61 apartment units
parksville land
The land is part of a phase of Wembley Place development.
 
Price: $3,670,000
Lot Size: 10.65 acres 
Property Type: Land
Zoning: CD14
2015 B.C. Assessment Value: $4,265,000
Date of Sale: 11/28/16
City: Parksville
Province: B.C.
Name of Brokerage: Colliers International Nanaimo
 
Over 10 acres of land was sold in Parksville for $3,670,000 this month, Colliers International Nanaimo tells Western Investor
 
Brokers Brad Archibald, Brad Bailey and James Winston report that the residential development site is currently zoned for comprehensive development, allowing for 49 single-family residential lots and 61 apartment units. The property is across from a renovated Wembley Mall and a few kilometers away from downtown Parksville and the beach. 
 
The land is located at 505 Belson St. in Parksville. 
 
 

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