Rarely does an opportunity like this come available in the heart of Parksville. Situated on a private and picturesque 1.01-acre property within the city boundaries, this exceptional offering combines space, convenience, and future potential. Whether you are dreaming of creating a private estate just steps from all amenities, or you are a developer searching for your next project, this property deserves your attention. Currently zoned RS1, with the OCP supporting Medium Density Multi-Family (RS2) potential, the possibilities here are significant. The property features a charming older classic home that has been lovingly maintained and is move-in ready for its next owners. For added flexibility, the current owners would consider a rent-back arrangement while they secure their next home. The location is truly outstanding Live in the existing home while you plan your dream estate, or explore the subdivision, rezoning, and development potential this unique property may offer.