For Sale - 456 Island Highway West is a 19,558 square foot (0.45 acre) Comprehensive Development (CD-32) zoned site in the North end of Parksville that has preliminary plans for a 28-unit, 4storey, wood-frame apartment building with an underground concrete parkade. This address has frontage along the Island Highway, backs onto Mark's Nature Park and is immediately adjacent to a ongoing 79-unit multifamily project. The preliminary plans for the site are for 16 one-bedroom and12 two-bedroom units built to an Floor Area Ratio (FAR) of 1.35; the current CD-32 permits development to a max FAR of 1.8. A services bond for the sum of $162,233.96 has been paid to the City by the current ownership for the due performance of site servicing. This bond functions as an incentive to purchasers to mitigate off-site servicing costs and will be returned to the buyer upon completion of off-sites. The property is currently tenanted and tours must be arranged and facilitated through listing agents