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$6,390,000
1043771 MLS
18.7 acres (SSMUH) in city limits. Development Permit Approved. Allowance 140 townhomes (phase 1) 39 Fee simple X 4plex lots. Rezoning allows 160 Townhomes (2 - 3 levels) or 4 floor apartment building blocks. City & OCP supports higher density on this project site, close to all amenities. Very nice park-like setting. Close to all amenities. Endless potential opportunities on this property! Listing contains rendering photos.

2201 Ronson Rd, Courtenay

Courtesy of Easy List Realty

$2,150,000
4 Beds ⋅ 2 Baths ⋅ 1041511 MLS
This ideally located 3-acre property offers prime development potential, perfectly timed to capitalize on the shift toward higher-density housing. As of the May 2026 R-1A zoning bylaw amendments, this acreage now supports 4 residential units with substantial upside to be rezoned. The current OCP supports Small-Scale Multi-Unit Housing allowing investors to initiate a rezoning process to potentially subdivide the parcel into multiple lots or construct multi-family housing on site. All prospective buyers are highly encouraged to seek independent professional advice regarding the specifics on current zoning & the rezoning process. To generate steady rental income while securing plans & permits, this property features a 1616sqft home with 4beds a den & 2baths. Theres also a detached 27x31' garage/workshop with high ceilings suitable for vehicle lifts, plus an established vegetable garden, fruit trees & a greenhouse for a self-sustaining lifestyle. Additional information & mapping Available

2115 Cumberland Rd, Courtenay

Courtesy of Royal LePage-Comox Valley (CV)

$1,075,000
1 Beds ⋅ 1 Baths ⋅ 1033544 MLS
Ready made farm property fenced and cross fenced, set up as a market garden with greenhouses farm stand and cooler building. Equipment can be included. Several good building sites to take advantage of the view to the mountains. 6 acres would work for horses with a barn and a hayloft already in place. Machine, sheds, garage and small cabin all ready for new ideas. Take a lawn chair to sit amongst the giant fir trees and plan your future

5835 Island N Hwy, Courtenay

Courtesy of Royal LePage-Comox Valley (CV)

$2,299,000
7 Beds ⋅ 5 Baths ⋅ 1033484 MLS
This beautiful sun soaked 5.6 acre property features both a main home & a carriage home perfect for generational living or potential rental income. A rare combination of self-sufficiency & modern upgrades but designed for comfort and efficiency in mind. The 3135 sqft, 5 bed/4 bath main home offers sweeping mountain views from the expansive windows, a fir staircase, engineered hardwood, & a custom kitchen with quartz counters & stainless appliances. The primary suite includes a WIC, 5-piece ensuite, & private deck, while the lower level adds a family room, 3 beds & 1.5 baths. The 875 sqft 2bed/1bath carriage house sits atop a double sized garage also with lovely mountain views. Extensive features include solar panels, heat pump HVAC, smart hot water, generator-ready power, dual wells, cistern, filtration, & dual septic. Outdoors offers a powered gate, RV hookup, gardens, fruit trees, & a garden. Minutes to town and all amenities. Approx. 3 acres of the property is protected wetlands.

3389 Rhys Rd, Courtenay

Courtesy of eXp Realty (NA)

$2,190,000
3 Beds ⋅ 2 Baths ⋅ 1027981 MLS
5.6 acre development property within the city of Courtenay. Located adjacent to the Vanier High School grounds with frontage of approximately 475” along Headquarters Rd. Zoning is the new R-SSMUH (Residential Small Scale Multi Use Housing), with the principal uses being “Single Family”, “Duplexes” and “Townhouse dwelling”. Municipal water and Sewer are now servicing the single family ranch style home on the property. Additional improvements include a Shop/Barn 24’ x 40’, Storage 12’ x 20’ and a Hay/Barn 12’ x 16’. The home is light, bright and comfortable with nice decking overlooking the lands and mountains to the west. This is a nice site, close to many of the facilities offered by the City including the Exhibition grounds, Curling rink and Lewis Park. Sellers are open to creative thinking by an interested Development party.

4766 Headquarters Rd, Courtenay

Courtesy of Royal LePage-Comox Valley (CV)

$7,500,000
1024587 MLS
A rare opportunity to acquire two separately titled parcels offered together as one exceptional land holding in the Courtenay-one of Vancouver Island's most sought-after and fastest-growing regions. This expansive property totals 52.119 acres, comprising 22.22 acres at 4040 Comox Logging Road and 29.899 acres on the neighboring Lot A, Livingston Road. Large acreages of this scale are seldom available in such a desirable location. Enjoy convenient access to highways, ferries, city amenities, and the ocean, while being surrounded by the region's renowned natural beauty. Zoned RU8(Rural Eight), the property offers outstanding flexibility and long-term investment or development potential. This is an ideal opportunity for visionary investors and developers seeking to bring their ideas to life in a highly livable and strategically positioned community. Purchase and lease enquiries are both welcome.

4040 Comox Logging Rd, Courtenay

Courtesy of Sutton Group-West Coast Realty (Nan)

$6,900,000
970278 MLS
This well-located multi-family development opportunity comprises 4 separate residential properties totaling 10 acres within the municipal boundaries of the City of Courtenay on picturesque Vancouver Island. With the province-mandated zoning changes to allow more multi-family opportunities, the timing could not be better. The property is situated in a quiet single- and multi-family residential neighborhood and is within easy walking distance to many schools and downtown Courtenay. The seller has done extensive work on preparing these sites for development. An information package is available. Please contact listing realtor for more details. Timing is ideal for residential development - don't miss this opportunity

1480 Arden Rd, Courtenay

Courtesy of Royal LePage Coast Capital Realty

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