Vancouver Island Farms & Acreage // 250-746-6621 // blairherbert@royallepage.ca

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5350 Falls St in Port Alberni: PA Port Alberni Unimproved Land for sale : MLS®# 1039995

5350 Falls St Port Alberni V9Y 9G3 : PA Port Alberni

Main Photo: 5350 Falls St in Port Alberni: PA Port Alberni Unimproved Land for sale : MLS®# 1039995
$2,499,900
Prop. Type:
Commercial Sale
MLS® Num:
1039995
Status:
Active
Shovel-ready riverside development opportunity on 5.84 acres along the Somass River. Preliminary Layout Review (PLR) in hand from the City of Port Alberni for 31 bare-land strata lots - the heavy lifting is done. Zoned RM1 (Low Density Multi-Residential) so the options are wide open: build the planned 31-lot community, develop townhomes, duplexes or multi-family, hold it as one private estate acreage, or reconfigure into 8-10 larger waterfront lots from a half-acre & up sized to allow a home plus a shop. Flexibility to design for today's market & maximize returns. Thoughtfully planned community with a walking trail, river viewpoints & beach access in a natural setting. Minutes to Clutesi Haven Marina, with easy access to Sproat Lake & Tofino. Sale includes PLR plus full subdivision package: engineering reports, DFO approvals, Disclosure Statement & QS reports. Ideal for investors, builders, end-users, or developers. Buyer to confirm uses, lot configurations& density with the City.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
See Remarks
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
PA Port Alberni, Port Alberni
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure5.84 acre(s)
Taxes:
Ceiling Heights:
Switch units of measure
Commercial Area:
Fireplace:
No
Pending Date:
Mountain(s), Valley, River
River Front
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Port Alberni
Legal Description:
Units in Building:
Units in Community:
Lot Site Features:
Acreage, Walk on Waterfront
Parking Features:
On Site
Total Units:
Date Listed:
Jun 11, 2026
Original Price:
2850000.0
Listed by Real Broker
Data was last updated August 12, 2026 at 12:05 PM (UTC)
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.