An exceptional commercial investment in Qualicum Beach on central Vancouver Island. Located in Qualicum Bay, the offering comprises two freehold parcels totalling approximately 3.09 acres, including about 155 feet of walk on waterfront on the bay. This established mixed use property carries 24 income units: motel style accommodation, twelve RV pads, self contained suites, a mobile home, a 2010 rancher, suites above garage bays, and a waterfront vendor site with a popular food business. Zoned C1.6 under RDN Bylaw 2500, with an approximate 9.1% cap rate on 2025 income, which included short term rentals; current rents are long term and differ. Professionally managed off site with minimal owner involvement. Unused density and repositioning upside in a sought after coastal corridor known for boating, fishing, and beachfront living. Hold or reposition in stages. Motivated seller, bring all offers. Full financial package available to qualified buyers. Buyer to confirm zoning and uses.