This opportunity consists of 2 legal titles totalling 0.33 acre, both zoned C-1 in the heart of downtown Courtenay. There is currently a large 3 bedroom, 2 bath Character home on the property that has a full basement currently being used as a music studio, there is roughed-in plumbing for a suite if you desire as well as a complete 3 pce bath. This property has had a development permit approval for a development called Tessitura Flats, a mix of Commercial space, live-work space and condominium style apartments. This included a number of variances granted at the time including a variance to go to 5 stories. Current owner is willing to rent back until such time as construction starts. Numerous preliminary Engineering reports are available, ie traffic studies, Geo-tech reports, surveys, and full development package is avail to qualified purchasers etc.