Waterfront Development Opportunity in Olsen Bay, Ucluelet Inlet. Nestled on the picturesque Olsen Bay in Ucluelet Inlet, this five-acre waterfront property offers a prime development opportunity. Currently zoned R1 residential, the property presents versatility for potential investors. Explore the option of a residential subdivision or consider rezoning for multi-family developments to maximize the use of this stunning location. A comprehensive topographical survey and geotechnical report, both conducted in 2022, provide valuable insights. These documents are readily available in the information package. Ucluelet, like many areas, faces a housing demand. This property aligns with the community's needs, making it an impactful investment in both lifestyle and growth. Don't miss the chance to be part of Ucluelet's development story. Seize this unique opportunity to create a waterfront haven or contribute to the region's housing solutions.