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
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Comox Valley
Sub-Area
CV Courtenay South
Bedrooms
5
Bathrooms
2
Floor Area
1,433 Sq. Ft.
Lot Size
231303.6 Sq. Ft.
Lot Size (Acres)
5.31 Ac.
Year Built
1967
MLS® Number
1043483
Listing Brokerage
Elevate Performance Realty & Managment
Basement Area
Partially Finished
Postal Code
V9N 9T1
Tax Amount
$10,785.94
Tax Year
2025
Features
Basement Slab, Carpet, Dishwasher, Dryer, Forced Air, Propane, Refrigerator, Washer
Amenities
Acreage, Balcony/Deck, Garden, Pie Shaped Lot, Recreation Nearby, Walk on Waterfront, Wooded