This 1.76-acre parcel is zoned RM-1 for multi-family use, offering the ideal setting for your next residential development. Previously approved for an 18-unit townhouse project (permit now expired), the potential remains strong, and re-approval should be a straightforward process. Located within walking distance of the iconic Painter's Lodge, enjoy easy access to fine dining, breathtaking ocean views, and unforgettable sightings of cruise ships and orcas passing through Discovery Passage. Conveniently, it’s also just a short drive to downtown Campbell River, Discovery Harbour Shopping Centre, and the marina, placing all essential amenities and recreational activities within easy reach. Whether you're a developer or investor, this is a rare opportunity to create a vibrant seaside community in one of Vancouver Island’s most desirable and scenic locations. Could be purchased with 3701 Island Hwy (MLS: 1007863 ) (id:55581)