5036 Argyle St, Port Alberni

About this property

Set at the heart of one of Port Alberni's most sought-after commercial corridors, this C7-zoned mixed-use building offers a rare opportunity to build a business or an investment against a backdrop of mountain and inlet views. Recently stripped to its shell, with interior walls demolished and hazardous materials abatement completed, the building is a blank canvas ready for an owner's vision. A development permit was previously in place for four live-work units at ground level and four residential units above; buyers are encouraged to confirm current plans with the City under the new OCP. Eight parking spots are allocated to the site, and C7 zoning allows an exceptional range of uses, from retail, restaurant and professional service space to live-work units, multi-residential dwellings and more, with a maximum floor area ratio of 3.0 and building heights of up to 16 metres. Just steps from the Quay to Quay pathway, Harbour Quay and the Uptown shopping district, tenants and customers will find themselves within walking distance of local favourites like Brie & Barrel and Little Bavaria, along with the marina, shops and cafes that make this pocket of Port Alberni so well-travelled. Argyle Street itself is in the midst of a significant public investment, with new underground water and storm infrastructure, separated sewers, multimodal travel lanes linking to the Quay to Quay pathway, upgraded pedestrian crossings, new street trees and landscaping, underground hydro service, and streetscape improvements all underway, alongside a parking conversion designed to add stalls to the surrounding area rather than take them away. A full engineering report, architect plans, and new survey are included (a $100,000 value). For an investor or business owner looking to plant a flag in a growing, walkable commercial core with views to match, this is a foundation worth building on. Reach out any time to arrange your private viewing. (id:66811)

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