Prime investment opportunity in Errington, BC, offered significantly below its assessed value and replacement cost. Set on 20+ acres of level, fertile land, the property features 38,500+ sq ft of improvements, including a 26,000 sq ft state of the art cannabis production facility constructed in 2018/2019 with production and processing licenses in place and currently vacant. An additional 8,810 sq ft warehouse is rented month to month to an agricultural grower, providing holding income, with two residential suites offering further rental potential. Zoning CD 16 allows a wide range of uses including farm, dwelling, retail, restaurant, and farm business. Ideally located 8 minutes to Parksville, 36 minutes to Departure Bay ferry terminal, and 43 minutes to Nanaimo Airport. Highway frontage near the popular Coombs Market offers excellent exposure and future producer retail store potential. Licensed facilities of this scale rarely come to market, offering substantial long term upside.
Property Type:
Commercial Sale
Type:
Mixed Use
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
PQ Errington/Coombs/Hilliers, Parksville/Qualicum
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
20.85 acre(s)8.44 hectare(s)
Building Features:
Fire Alarm, High Traffic Area, Parking, Security System, Shopping Nearby, Visual Exposure
Construction:
Frame Metal, Frame Wood, Insulation All, Metal Siding, Vinyl Siding
New Construction:
No
Foundation:
Concrete Perimeter, Slab
Electricity:
Yes
Floor finish:
Mixed
Total Building Area:
38,591 sq. ft.3,585 m2
Total Potential Area:
2.08 acre(s)0.84 hectare(s)
Leasable Area:
38,591 sq. ft.3,585 m2
Subdivisable Area:
Yes
Water supply:
Cistern, Well: Drilled
Sewer:
Septic System
Cooling:
HVAC
Heating:
Baseboard, Electric, Heat Pump
Fireplace:
No
Electric, Equip/Machinery, Fixtures, Goodwill, Leasehold Improvements, Parking, Real Estate
Balcony/Deck, Fencing: Partial, Lighting, Security System
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
Alberni Rural (769)
Zoning:
CD16
Occupancy:
Partially Occupied
Property Condition:
Updated/Remodeled
Utilities:
Electricity Connected
Lot Site Features:
Acreage, Level, Private, Quiet Area, Rectangular Lot, Shopping Nearby, In Wooded Area
Data was last updated February 6, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$2,768,000
Min list price:
$525,000
Max list price:
$16,663,000
Avg days on market:
129
Min days on market:
4
Max days on market:
245
These statistics are generated based on the current listing's property type
and located in
PQ Errington/Coombs/Hilliers. Average values are
derived using median calculations. This data is not produced by the MLS® system.