Property Description
RARE RESORT investment opportunity on 4.96 acres in sought after Qualicum Beach with opportunity to SUBSTANTIALLY INCREASE REVENUE. Zoned C4 Commercial, permitted use is entertainment centre; tourist & convenience store; tourist accommodation; pub; outdoor recreation; & restaurant. OCP designation is Tourist Commercial providing for camp grounds, cabins, cottages, hotel, motel, restaurant, pub, resort, store, gas station, gift shop, entertainment centre, & BnB. Recognised as Lost Lodge Resort, the property currently has 14 existing mostly occupied recreation sites, lodge and motel with guaranteed annual income providing for a secure, low maintenance investment with substantial water & gently used large septic system. There are 18 additional NEWLY created RV sites prepped with hydro, 30 amp cable & water at lots with septic & electricity requiring installation for turn key RV occupancy. The new sites should generate substantial revenue when completed and occupied. NDA required for info.
Property Details
MLS #:
1012205
ID #:
29772492
Type:
Commercial Sale
Sub-Type:
Other
Area:
Parksville/Qualicum
Sub-Area:
PQ Qualicum Beach
Status:
Active
Lot Size:
4.96 acres
Property Tax:
$4,583 (2022)
Days on Market:
101 days
Listing provided by Macdonald Commercial Real Estate Services Ltd.
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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