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Colliers International is pleased to present the sale offering of 3022 Island Highway West, a 3.28 acre development site in the Town of Qualicum Beach, overlooking the Salish Sea. The property is in close proximity to downtown Qualicum Beach and is located directly across the old Island Highway from the beach, offering unsurpassed and stunning ocean views. The subject property has an existing and approved development permit for Phase 1 of a multi-phase, multi-family development, known as Crystal Terraces. The proposed Phase 1 is a two-winged, 6 storey residential building comprising 38 oceanview units above one level of parking containing 40 stalls. The zoning bylaw allows for additional density and 40% parcel coverage. Vendor is prepared to consider VTB financing along the following terms: 65% loan to purchase price; 4.95% interest rate; interest only; and no appraisal requirement. For detailed information please contact the listing agents.