Ideally situated on 3 acres, this property presents exceptional development potential amid the shift toward higher-density housing. Under the May 2026 R-1A zoning bylaw amendments, the acreage supports four residential units, with further potential through rezoning. The current OCP supports Small-Scale Multi-Unit Housing, giving investors the opportunity to pursue rezoning for a potential subdivision into multi-family housing. Prospective buyers are strongly encouraged to obtain professional advice about current zoning and rezoning process. While plans and permits are being secured, the 1616 sq ft home offers rental income potential with 4 bedrooms a den and 2 bathrooms. The property also includes a detached 27x32 garage/workshop with high ceilings, along with an established garden, fruit trees and a greenhouse.
Data was last updated November 5, 2026 at 02:05 AM (UTC)
Area Statistics
Listings on market:
114
Avg list price:
$582,450
Min list price:
$31,900
Max list price:
$7,500,000
Avg days on market:
87
Min days on market:
2
Max days on market:
384
Avg price per sq.ft.:
$427.44
These statistics are generated based on the current listing's property type
and located in
CV Courtenay City. Average values are
derived using median calculations. This data is not produced by
the MLS® system.