Development Opportunity Knocks on this 1.027 acre lot! Plans are underway to construct a 26 unit townhome complex Perfectly Situated across the street from the new Quality Foods. Next door is the 253 rental unit Cascara development and 360 Moilliet St is building 87 units. Current zoning RS-1 but OCP has designated 'Transitional Residential' meaning potential to rezone Multifamily and the application process for RS-3 High Density is already underway. Add underground parking and get an additional 10 units. Build the 26 townhomes or try rezoning for RDH-4 (what Cascara has) and build 50-60 luxury condos with Mountain and Ocean views. Buyers to do their own due diligence. Walk to school, Oceanside Health Centre, senior care, shopping, downtown, the beach. This location has it all. All Utilities available: electricity, water, natural gas, telephone, sewer. Property is currently tenanted -- collect rent until zoning application is approved. Endless potential. Call to make an appointment.