5350 Falls St
Port Alberni, BC V9Y9G3
$2,499,900
Property Details
Property & Lot
- Lot size
- 5.84 acres
- Zoning
- Unknown
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $14,180.99
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, River view, View, Valley view
- Waterfront
- Waterfront on river
Listing Information
- MLS®
- 1039995
- Listed
- June 11, 2026
- Time on market
- On the market for 81 days
- Data last synced
- August 28, 2026
Listing provided by: Real Broker · Data source: CREA DDF.
Description
Shovel-ready riverside development opportunity on 5.84 acres along the Somass River. Preliminary Layout Review (PLR) in hand from the City of Port Alberni for 31 bare-land strata lots - the heavy lifting is done. Zoned RM1 (Low Density Multi-Residential) so the options are wide open: build the planned 31-lot community, develop townhomes, duplexes or multi-family, hold it as one private estate acreage, or reconfigure into 8-10 larger waterfront lots from a half-acre & up sized to allow a home plus a shop. Flexibility to design for today's market & maximize returns. Thoughtfully planned community with a walking trail, river viewpoints & beach access in a natural setting. Minutes to Clutesi Haven Marina, with easy access to Sproat Lake & Tofino. Sale includes PLR plus full subdivision package: engineering reports, DFO approvals, Disclosure Statement & QS reports. Ideal for investors, builders, end-users, or developers. Buyer to confirm uses, lot configurations& density with the City. (id:63159)
Location Insights
Weather
15°C
—
Humidity 86%
Wind S calm km/h
Tonight
11°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
10°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
18,259
(2021 Census)
+3.3% since 2016
Density: 928.7/km²
Dwellings: 8,919
Median household income: $62,800
After-tax: $58,400
Immigrant population: 10%
Top countries of origin (% of total population)
- United Kingdom2.4% · 430
- India1% · 190
- Netherlands0.8% · 150
- United States of America0.8% · 140
- Germany0.6% · 115
- Italy0.5% · 85
- Mexico0.3% · 60
- Viet Nam0.3% · 50
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
11
2/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Haahuupayak School(Independent) | Elementary | 461 m |
| Tsuma-as Elementary | Elementary | 2.4 km |
| Alberni Elementary | Elementary | 3.4 km |
| des Grands-cedres | Elementary | 4.1 km |
| John Paul II Catholic School(Independent) | Elementary | 4.2 km |
| John Howitt Elementary | Elementary | 4.3 km |
| Alberni District Secondary | Secondary | 4.4 km |
| Wood Elementary | Elementary | 4.8 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Grocery (1)
- Riverbend Cafe & General Store · 6109 River Road383 m
Parks (3)
- Westporte Place South Park544 m
- Westporte Place North Park · 5535 Woodland Crescent East551 m
- River Road Park · 6038 River Road571 m
Nearby places data: © OpenStreetMap contributors.
School district: Pacific Rim (SD70)
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No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($499,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.