5350 Falls St

Description

Shovel-ready riverside development opportunity on 5.84 acres along the Somass River. Preliminary Layout Review (PLR) in hand from the City of Port Alberni for 31 bare-land strata lots - the heavy lifting is done. Zoned RM1 (Low Density Multi-Residential) so the options are wide open: build the planned 31-lot community, develop townhomes, duplexes or multi-family, hold it as one private estate acreage, or reconfigure into 8-10 larger waterfront lots from a half-acre & up sized to allow a home plus a shop. Flexibility to design for today's market & maximize returns. Thoughtfully planned community with a walking trail, river viewpoints & beach access in a natural setting. Minutes to Clutesi Haven Marina, with easy access to Sproat Lake & Tofino. Sale includes PLR plus full subdivision package: engineering reports, DFO approvals, Disclosure Statement & QS reports. Ideal for investors, builders, end-users, or developers. Buyer to confirm uses, lot configurations& density with the City. (id:63159)

Property Details

Annual property tax

$14,180.99

Brokerage

Real Broker

Location Insights

Population

18,259

(2021 Census)

+3.3% since 2016

Density

928.7/km²

Dwellings

8,919

Median household income

$62,800

After-tax

$58,400

Immigrant population

10%

Top countries of origin

• United Kingdom2.4% · 430
• India1% · 190
• Netherlands0.8% · 150
• United States of America0.8% · 140
• Germany0.6% · 115
• Italy0.5% · 85
• Mexico0.3% · 60
• Viet Nam0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Weather

22°C

—

Humidity 53%

Wind SE 5 km/h

Today

24°

Tonight

12°

Thursday

23°

Thursday night

12°

Friday

18°

Friday night

11°

Source: Environment and Climate Change Canada.