Exceptional investment opportunity in one of the Comox Valley's premier waterfront locations. This 5.31 acre property has approval for a 4 lot subdivision, offering outstanding development potential. Three proposed lots feature ocean frontage, while the fourth, located across the Island Highway South, is zoned R-1 Residential and is ideal for a custom home. The oceanfront lands are zoned Tourist Commercial (TC-2), allowing a wide range of tourism and recreational uses, including boutique resorts, vacation cottages, oceanfront cabins, eco tourism, and mixed tourist accommodation. Spectacular ocean views, excellent highway access, and a location just minutes from Courtenay, Comox, Cumberland, Mount Washington, golf courses, marinas, beaches and the Comox Valley Airport make this an exceptional offering. Offered as one 5.31 parcel with an approved four lot subdivision prior to final servicing and registration. The purchaser will complete the remaining subdivision requirements, including roads and infrastructure, creating significant upside through the final development process. Large waterfront development parcels with approved subdivision potential are increasingly rare on Vancouver Island. Buyer to verify subdivision approval status, zoning, permitted uses, development potential, measurements, and all other information with the Comox Valley Regional District and other applicable authorities
Address
4472 Island Hwy S
List Price
$4,000,000
Property Type
Commercial Sale
Type of Dwelling
Mixed Use
Transaction Type
Sale
Area
Comox Valley
Sub-Area
CV Courtenay South
Lot Size
231303.6 Sq. Ft.
Lot Size (Acres)
5.31 Ac.
MLS® Number
1049799
Listing Brokerage
Elevate Performance Realty & Management
Postal Code
V9N 9T1
Tax Amount
$10,785.94
Tax Year
2025
Amenities
Acreage, Pie Shaped Lot, Recreation Nearby, Walk on Waterfront