Desirable 5.48 acre semi-ocean front property with an expansive 2100sqft rancher offering 250 feet of unobstructed ocean view frontage directly opposite tranquil Qualicum Bay. The property offers community water, front and rear road access with potential for residential subdivision or rezone to multi-family, commercial or recreational use. There is an existing Vancouver Island Health Authority approved, air tight 1000 sq ft shop on the property set up for a pasta manufacturing with three phase power and an additional detached garage. The OCP future land use designation is Village Centre therefore rezoning to recreational, commercial, tourist use may be supported by the Regional District. The neighbouring property is the Qualicum Bay Resort on one side and treed land on the other side. This may be an ideal property to create a much needed RV resort or strata subdivision as per Nile Landing and Qualicum Landing. Seller would like to rent back home while you plan your development.