Errington · V0R1M0
$29,653/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Prime investment opportunity in the heart of Errington, BC, offered significantly below assessed value and replacement cost. Set on 20+ acres of level, fertile agricultural land, this highly versatile property features approximately 38,500+ sq ft of improvements designed to support large scale production, processing, and a range of alternative commercial uses. The main 26,000 sq ft state of the art cannabis production facility was constructed in 2018/2019 and includes production and processing licenses in place. An 8,810 sq ft warehouse is rented to an agricultural grower, providing immediate holding income, with flexibility for future owner use. Two residential suites further enhance income potential, including a two bedroom suite and a larger four bedroom residence located above the warehouse with access off Burgoyne Road. Zoning CD 16 permits a wide range of uses including farm operations, dwelling units, retail, restaurant, farm business, and home based business, making the property well suited for agricultural production, food processing, rural commercial, or mixed use operations, subject to approvals. Ideally located just 8 minutes to downtown Parksville, 36 minutes to the Departure Bay ferry terminal, and 43 minutes to Nanaimo Airport, the property offers excellent access for staff, logistics, and distribution. Prominent highway frontage along the Alberni Highway near the highly popular Coombs Market provides strong visibility and future producer retail store potential. Licensed facilities of this scale, flexibility, and land base are rarely available, making this a unique opportunity to acquire a highly adaptable, income producing rural asset with significant long term upside in one of Vancouver Island’s most desirable agricultural communities.
Other
Type
Errington/Coombs/Hilliers
Area
Listed
February 4, 2026
Nearby & Commute
14 min
walk to Goats on the Roof
35 min
bike to Parksville Exchange
1h 55m
walk to Parksville Exchange
3h 46m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 64%
| Detached | 34 | 64.2% |
| Land | 7 | 13.2% |
| Mobile home | 7 | 13.2% |
| Other | 3 | 5.7% |
| Duplex | 1 | 1.9% |
| Other | 1 | 1.9% |
| Under $5,000 | 5 | 1.6% |
| $15,000 to $19,999 | 10 | 3.1% |
| $20,000 to $24,999 | 20 | 6.3% |
| $25,000 to $29,999 | 20 | 6.3% |
| $30,000 to $34,999 | 20 | 6.3% |
| $35,000 to $39,999 | 10 | 3.1% |
| $40,000 to $44,999 | 15 | 4.7% |
| $45,000 to $49,999 | 20 | 6.3% |
| $50,000 to $59,999 | 25 | 7.8% |
| $60,000 to $69,999 | 20 | 6.3% |
| $70,000 to $79,999 | 25 | 7.8% |
| $80,000 to $89,999 | 25 | 7.8% |
| $90,000 to $99,999 | 20 | 6.3% |
| $100,000 to $124,999 | 25 | 7.8% |
| $125,000 to $149,999 | 25 | 7.8% |
| $150,000 to $199,999 | 20 | 6.3% |
| $200,000 and over | 15 | 4.7% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$29,653
Principal and interest
Calculated estimate
$27,753
Property tax
Calculated estimate
$1,750/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$5,999,900
Down payment
Calculated estimate
$1,199,980 (20%)
Estimated mortgage
Calculated estimate
$4,799,920
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$29,653
/mo
Rate
%
Amortization
Principal and interest
$27,753
Property tax (est.)
$1,750
P&I
Tax
Down payment
$1,199,980 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $1,199,980 down (20%) on $5,999,900, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Provincial farmland protection restricts subdivision and non-farm use.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
