279 Dunbar Way
Vancouver Island · V9P1L7
$3,100,000
About this residence
Discover an outstanding opportunity to secure a 1.98-acre development site in one of Parksville’s most desirable and rapidly growing neighborhoods. Located within the vibrant Seaside community, this property benefits from excellent walkability, strong population growth, and sustained housing demand, creating the ideal setting for your next residential project. Currently zoned RS-2, the site permits a range of low to medium-density housing options, including townhomes, fourplexes, and single-family homes with suites, offering flexibility to maximize development potential. Surrounded by favourable demographics and supported by a strong local real estate market, this is a rare opportunity to create a thoughtfully planned residential community in a highly sought-after location. Position your next project for success and capitalize on Parksville’s continued growth. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Multi-Family
- Ownership
- Freehold
- Lot size
- 1.98
- Annual tax
- $21,377
- MLS®
- 1037608
- Board
- Vancouver Island
- Status
- Active
- Listed
- May 21, 2026
- Updated
- May 21, 2026
Features & finishes
Lot
- Level lot
- Central location
- Acreage
- Other
Financing
Estimated monthly payment
$14,498/mo
Loan amount
$2,480,000
Down payment
$620,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V9P- 27,708
- Population
- 62
- Median age
- $76,000
- Median income
- $675,000
- Median home value
- 80%
- Home ownership
- 22 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 279 Dunbar Way?
279 Dunbar Way is listed for $3,100,000, in Vancouver Island.
What type of home is 279 Dunbar Way?
279 Dunbar Way is a Multi-family, Multi-Family.
How large is 279 Dunbar Way?
The home offers a lot measuring 1.98.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $14,498. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $21,377 per year.
What is the Vancouver Island area like?
Vancouver Island has a population of about 27,708, a median age of 62, a 80% home-ownership rate, with an average commute of about 22 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $675,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $76,000.
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