This ideally located 3-acre property offers prime development potential, perfectly timed to capitalize on the shift toward higher-density housing. As of the May 2026 R-1A zoning bylaw amendments, this acreage now supports 4 residential units with substantial upside to be rezoned. The current OCP supports Small-Scale Multi-Unit Housing allowing investors to initiate a rezoning process to potentially subdivide the parcel into multiple lots or construct multi-family housing on site. All prospective buyers are highly encouraged to seek independent professional advice regarding the specifics on current zoning & the rezoning process. To generate steady rental income while securing plans & permits, this property features a 1616sqft home with 4beds a den & 2baths. Theres also a detached 27x31' garage/workshop with high ceilings suitable for vehicle lifts, plus an established vegetable garden, fruit trees & a greenhouse for a self-sustaining lifestyle. Additional information & mapping Available
Data was last updated July 4, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
171
Avg list price:
$633,900
Min list price:
$38,000
Max list price:
$7,500,000
Avg days on market:
52
Min days on market:
1
Max days on market:
687
Avg price per sq.ft.:
$434.94
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.