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Alex Burns

alex@victoriahomes.com +1(250) 882-3335

Listed by Myles McCullough REMAX Professionals (NA)

$ 5,999,900

Est. payment | -/mo

38,591 SqFt

Save

$ 5,999,900

Est. payment | -/mo

Save

38,591 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 38,591 sqft

Price per Sqft $155

MLS Listing ID 1024726

HOA Y/N No

Annual Tax Amount $104,689

Tax Year 2024

Lot Size 20.850 Acres

Acres 20.85

Property Sub-Type Mixed Use

Property Description

Prime investment opportunity in Errington, BC, offered significantly below its assessed value and replacement cost. Set on 20+ acres of level, fertile land, the property features 38,500+ sq ft of improvements, including a 26,000 sq ft state of the art cannabis production facility constructed in 2018/2019 with production and processing licenses in place. An additional 8,810 sq ft warehouse is rented to an agricultural grower, providing holding income, with two residential suites offering further rental potential. Zoning CD 16 allows a wide range of uses including farm, dwelling, retail, restaurant, and farm business. Ideally located 8 minutes to Parksville, 36 minutes to Departure Bay ferry terminal, and 43 minutes to Nanaimo Airport. Highway frontage near the popular Coombs Market offers excellent exposure and future producer retail store potential. Licensed facilities of this scale rarely come to market, offering substantial long term upside.

Location

Province BC

County Nanaimo Regional District

Community Pq Errington/Coombs/Hilliers

Area Parksville/Qualicum

Zoning CD16

Interior

Heating Baseboard, Electric, Heat Pump

Cooling HVAC

Flooring Mixed

Inclusions Electric, Equip/Machinery, Fixtures, Goodwill, Leasehold Improvements, Parking, Real Estate

Fireplace No

Exterior

Exterior Feature Balcony/Deck, Fencing: Partial, Lighting, Security System

Parking Features On Site

Utilities Available Electricity Connected

View Y/N No

Street Surface Unimproved

Garage No

Building

Lot Description Acreage, Level, Private, Quiet Area, Rectangular Lot, Shopping Nearby, In Wooded Area

Foundation Concrete Perimeter, Slab

Sewer Septic System

Water Cistern, Well: Drilled

Others

Restrictions ALR: Yes

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

Special Listing Condition Updated/Remodeled

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

3440 Douglas St, # 202, Victoria, Canada

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2116 Alberni Hwy Errington, BC V0R 1M0