About this home

An exceptional commercial investment in Qualicum Beach, on central Vancouver Island. Located in Qualicum Bay, the offering comprises two freehold parcels totalling approximately 3.09 acres, including a waterfront portion with about 155 feet of walk on frontage on the bay. This established mixed use property generates income across 24 units and several revenue streams: a motel style accommodation building, twelve RV pads, self contained suites, a mobile home, a 2010 rancher, suites above garage bays, and a waterfront vendor site home to a popular seasonal food business. Zoned C1.6 under RDN Bylaw 2500, the property shows an approximate 9.1% cap rate based on 2025 income, which included short term rentals. The property is now operated on long term monthly tenancies, and current income differs. It is professionally managed off site with minimal owner involvement. Current density sits at roughly 7.8 units per acre against zoning that contemplates considerably more, leaving unused potential for an investor or builder. Several units also rent below comparable units in the same building, a clear path to stronger returns. The waterfront vendor site gives an owner operator a ready made location for a food or hospitality venture. Fronting Island Highway West, the property enjoys steady exposure in a growing coastal corridor prized for boating, fishing, golf, and beachfront recreation, minutes from the shops and services of Qualicum Beach and a short drive to Parksville, in one of Vancouver Island’s most desirable seaside communities. The five civic addresses can be operated as one asset, held for diversified income, or repositioned in stages. Whether held for its blend of accommodation, residential, and vendor income, expanded under its existing zoning, or explored for future redevelopment, this is a versatile and scarce offering. Motivated seller, bring all offers. Full financial package available to qualified buyers. Buyer to confirm zoning and permitted uses.

Home facts

Property type: Other
Area: Qualicum Beach
Listed: October 22, 2026
Structure: Commercial Mix
PID: 006-204-571
Common interest: Freehold

Highlights

Ocean view
Mountain view
Waterfront

Features and inclusions

Lot: Acreage, Partially cleared

Rooms and building

Water
Zoning: Unknown

Listed by REMAX Professionals (NA). Last updated Nov 5, 2026, 12:50 PM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $18,959
Property tax: $1,167/mo
Home insurance: $150/mo
Estimated monthly total: $20,276

Purchase snapshot

List price: $3,999,999
Down payment: $800,000 (20%)
Estimated mortgage: $3,199,999

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Tomm's Food Village1h 16m

Bike to McLean Mill National Historic Site1h 24m

Walk to McLean Mill National Historic Site4h 40m

Drive to downtown Vancouver4h 25m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 68%

Homes for sale nearby, by type

Detached27 for sale

Land11 for sale

Other2 for sale

Active listings within 5 km of this home.

Homes built in Nanaimo H, by type

Single-detached93.4% · 285

Semi-detached1.6% · 5

Apartment in duplex1.6% · 5

Low-rise apartment1.6% · 5

Movable dwelling1.6% · 5

Source: Statistics Canada, 2021 Census of Population. 305 dwellings.

Who lives here

Statistics Canada area 59210212 · Nanaimo H

Median age: 61
Renter households: 8%
Average household size: 2.1
Median household income: $74,500

Population (2021): 640
Median rent: $600
Owner shelter cost: $1,070
30%+ of income on shelter: 27%
Owner households: 92%
Households with kids: 18%
Immigrants: 12%
Post-secondary: 48%
Average home value (2021): $900,000

Breakdown

$15,000 to $19,9991.8% · 5

$20,000 to $24,9995.4% · 15

$25,000 to $29,9993.6% · 10

$30,000 to $34,9995.4% · 15

$35,000 to $39,9993.6% · 10

$40,000 to $44,9993.6% · 10

$45,000 to $49,9995.4% · 15

$50,000 to $59,9998.9% · 25

$60,000 to $69,9998.9% · 25

$70,000 to $79,9997.1% · 20

$80,000 to $89,9995.4% · 15

$90,000 to $99,9995.4% · 15

$100,000 to $124,9998.9% · 25

$125,000 to $149,99910.7% · 30

$150,000 to $199,9998.9% · 25

$200,000 and over7.1% · 20

Source: Statistics Canada, 2021 Census Profile, dissemination area 59210212.

6001/6010 Island Highway