A rare development opportunity! Architectural Drawings, Designer Drawings, Engineer Drawings and zoning currently in place and fully approved for medium density residential development allowing 20 units in this desirable neighborhood. Development Permit is imminent within the coming months. Located on transit and a 15 minute walk to Downtown Parksville, you are close to everything while being in an established residential area. Approved plan for a beautiful complex of 20 designer townhomes and patio homes ranging in size from 1300 to over 1900 sq. ft., all with decks or patio, and some even with ocean views. Designed for a low maintenance lifestyle, close to shopping, the ocean, parks and health care, units in this proposed complex would be perfect for those downsizing, just entering the market, and everything in between! Currently, two of the existing homes are generating rental income with great tenants. Current price will include a fully done development permit.