Exceptional investment opportunity in one of the Comox Valley's premier waterfront locations. This 5.31 acre property has approval for a 4 lot subdivision, offering outstanding development potential. Three proposed lots feature ocean frontage, while the fourth, located across the Island Highway South, is zoned R-1 Residential and is ideal for a custom home. The oceanfront lands are zoned Tourist Commercial (TC-2), allowing a wide range of tourism and recreational uses, including boutique resorts, vacation cottages, oceanfront cabins, eco tourism, and mixed tourist accommodation. Spectacular ocean views, excellent highway access, and a location just minutes from Courtenay, Comox, Cumberland, Mount Washington, golf courses, marinas, beaches and the Comox Valley Airport make this an exceptional offering.