Welcome to 487 Pym St, Parksville — an excellent turnkey investment opportunity. This well-maintained 2-bedroom rancher features an updated open-concept layout and a versatile sunroom that can function as an office or potential third bedroom, enhancing rental appeal. The property is tenant-occupied with a lease in place until July 2026 at grossing $37,200 annually, providing immediate and stable cash flow. Situated on a large corner lot, the home includes a spacious garage with custom storage cabinets, two additional sheds, and ample parking—ideal for tenants with recreational vehicles or equipment. The fully fenced, south-facing yard offers mature fruit trees (plum, cherry, apple), blueberries, raspberries, plus garden beds and ornamental landscaping, all low-maintenance and attractive to long-term renters. Located within walking distance to the ocean, parks, Wembley Mall, schools, and a short drive to golf and the marina, this property sits in one of Parksville’s most desirable and high-demand rental areas.
With future development potential, including the possibility of a carriage house or duplex (buyer to verify), this is a smart hold for investors seeking both ongoing income and long-term upside. Whether you’re expanding your portfolio or securing a high-performing rental in an unbeatable location, this is a rare offering with strong fundamentals and excellent future potential. *Photos show vacant, staged property. Current property occupied by tenant.
Address
487 Pym St N
List Price
$610,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Parksville/Qualicum
Sub-Area
PQ Parksville
Bedrooms
2
Bathrooms
1
Floor Area
848 Sq. Ft.
Lot Size
8719 Sq. Ft.
Lot Size (Acres)
0.2 Ac.
Year Built
1943
MLS® Number
1021678
Listing Brokerage
eXp Realty (NA)
Basement Area
Crawl Space
Postal Code
V9P 1B9
Tax Amount
$3,038.00
Tax Year
2025
Features
Aluminum Frames, Baseboard, Ceiling Fan(s), Electric, Vinyl, Vinyl Frames
Amenities
Central Location, Corner Lot, Easy Access, Fencing: Full, Garden, Landscaped, Marina Nearby, Near Golf Course, Recreation Nearby, Shopping Nearby, Storage Shed