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$610,000

2 Beds

1 Bath

1163 FEETSQ

QuickQuoteTM: $606K - $738K

Parksville BC, V9P 1B9

MLS® # 1021678

Property Information:

Welcome to 487 Pym St, Parksville — an excellent turnkey investment opportunity. This well-maintained 2-bedroom rancher features an updated open-concept layout and a versatile sunroom that can function as an office or potential third bedroom, enhancing rental appeal. The property is tenant-occupied with a lease in place until July 2026 at grossing $37,200 annually, providing immediate and stable cash flow. Situated on a large corner lot, the home includes a spacious garage with custom storage cabinets, two additional sheds, and ample parking—ideal for tenants with recreational vehicles or equipment. The fully fenced, south-facing yard offers mature fruit trees (plum, cherry, apple), blueberries, raspberries, plus garden beds and ornamental landscaping, all low-maintenance and attractive to long-term renters. Located within walking distance to the ocean, parks, Wembley Mall, schools, and a short drive to golf and the marina, this property sits in one of Parksville’s most desirable and high-demand rental areas. With future development potential, including the possibility of a carriage house or duplex (buyer to verify), this is a smart hold for investors seeking both ongoing income and long-term upside. Whether you’re expanding your portfolio or securing a high-performing rental in an unbeatable location, this is a rare offering with strong fundamentals and excellent future potential. *Photos show vacant, staged property. Current property occupied by tenant. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Fireplace: Yes
  • Floor Space: 1163 sqft
  • Total Finished Area: 848 sqft
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 1
  • Access Type: Road access
  • Built in: 1943
  • Features: Central location, Corner Site, Other, Marine Oriented
  • Floor Space (approx): 1163 Square Feet
  • Lot Size: 8719.00 Square Feet
  • Structure Type: Shed
  • Zoning: RS1
  • Zoning Type: Residential
  • No. of Parking Spaces: 3

Rooms:

  • Other Main Level 3.05 m x 2.74 m
  • Primary Bedroom Main Level 3.05 m x 3.05 m
  • Living Main Level 5.79 m x 3.96 m
  • Kitchen Main Level 4.27 m x 3.66 m
  • Dining Main Level 2.44 m x 1.83 m
  • Bedroom Main Level 2.74 m x 2.74 m
  • Bathroom Main Level 4-Piece

Convert Measurement to:


Courtesy of: eXp Realty (NA)

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Location of 487 Pym St N, Parksville, British Columbia, V9P 1B9

Demographic Information of 487 Pym St N, Parksville, British Columbia, V9P 1B9

Life Stage

Older Couples

Employment Type

Mixed

Average Household Income

$93,882.58

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.3 %

High school certificate or equivalent

32.76 %

Apprenticeship trade certificate/diploma

10.24 %

College/non-university certificate

27.69 %

University certificate (below bachelor)

2.55 %

University Degree

15.46 %

Commuter

Travel To Work

By Car

84.16 %

By Public Transit

0.0 %

By Walking

7.05 %

By Bicycle

0.0 %

By Other Methods

8.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.02 %

Houses

99.98 %

Own Vs. Rent