508 Wembley Rd, Parksville
Rare opportunity to acquire a 0.57-acre commercially zoned property in a high-visibility location on Wembley Road. This unique property features two legal residential dwellings, offering exceptional flexibility for investors, owner-operators, or those seeking future redevelopment potential. Rare opportunity to acquire a 0.57-acre commercially zoned property in the desirable Wembley area of the Regional District of Nanaimo, just minutes from Parksville, Highway 19, shopping, beaches, and everyday amenities. This unique property is zoned CRS1 and site-specific CRS1.7, permitting a broad range of commercial uses together with residential use, secondary suites, and shopping centre use, providing exceptional flexibility for investors, owner-operators, and future opportunities. Currently improved with two legal residential dwellings, the property offers excellent holding value while generating residential use. Situated within the Wembley Neighbourhood Centre designation, this is a rare opportunity to own a large commercially zoned property in one of the area's established mixed-use commercial corridors. Commercial properties with two legal homes are seldom available. A unique opportunity with excellent income, business, and redevelopment potential. (id:1945)
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Property details for 508 Wembley Rd, Parksville
- Type
- Commercial
- Lot Size
- 0.57
- Ownership
- Freehold
- Annual Taxes
- $2,575
Nearby Listings Stat
Estimated price and comparable properties near 508 Wembley Rd
Active Listings
104
Min Price
$229,900
Max Price
$3,100,000
Avg Price
$872,765
Days on Market
56
days
Sold Listings
56
Min Sold Price
$74,900
Max Sold Price
$1,858,000
Avg Sold Price
$679,005
Days until Sold
60
days
Neighbourhood Census Data
Parksville, British Columbia / Colombie-Britannique
Population
657
Median Age
65.1
Median Income
$33,536
Dwelling Value
$345,886
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 963.2/km²
Avg Shelter Cost: $854/mo
Owners with Mortgage: 43.9%
Owners Spending 30%+: 16.7%
Tenants Spending 30%+: 0%
English only: 93.2%
English and French: 6.1%
Median Household Income: $58,795
Median Employment Income: $18,144
Price History
Listed
August 14, 2026
by Pemberton Holmes Ltd.
Current Price
$949,000
Type
Commercial
For Sale
Contact Agent Get in touch about 508 Wembley Rd, Parksville
Claire Yoo
Pemberton Holmes Ltd.
