5350 Falls St

About this home

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:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jun 11, 2026

   Listed $2,750,000

   Active18 days on marketMLS 1039995

2. Feb 15, 2022

   $1,900,000

   Sold255 days on marketMLS 873438

3. Jul 2, 2015

   Listed $999,999

   Expired570 days on marketMLS 706790

4. Aug 20, 2013

   Listed $1,600,000

   Cancelled742 days on marketMLS 649974

Current market in Port Alberni

Buyer's market — 23.2 months of supply at the current sales pace.

Assessment

From publicly available property records.

• 8650 Bland Rd

  $155,000

  — · — · — · 9 days on market

  Sold Jun 19, 2026 · 77.5% of list

• Lot 1-5350 Margaret St

  $180,000

  — · — · — · 41 days on market

  Sold Jun 2, 2026 · 90% of list

• 4809 David St

  $175,000

  — · — · — · 4 days on market

  Sold May 27, 2026 · 92.2% of list

• 4813 David St

  $175,000

  — · — · — · 4 days on market

  Sold May 27, 2026 · 92.2% of list

• 1130 Fourth Ave

  $180,000

  — · — · — · 1 day on market

  Sold May 22, 2026 · 97.8% of list

• 1146 Fourth Ave

  $170,000

  — · — · — · 335 days on market

  Sold May 14, 2026 · 97.1% of list

• 6-167 Regent St

  $375,000

  — · — · — · 45 days on market

  Sold May 5, 2026 · 94.9% of list

• 1686 Bay St

  $320,000

  — · — · — · 49 days on market

  Sold Apr 29, 2026 · 94.4% of list

• 4802 Helen St

  $175,000

  — · — · — · 3 days on market

  Sold Apr 14, 2026 · 96.2% of list

• Sl 4-11196 Taylor Arm Dr

  $1,100,000

  — · — · — · 716 days on market

  Sold Apr 7, 2026 · 84.7% of list

• Sl 5-11196 Taylor Arm Dr

  $1,100,000

  — · — · — · 716 days on market

  Sold Apr 7, 2026 · 84.7% of list

• 1327 Chesterman Beach Rd

  $3,845,000

  — · — · — · 38 days on market

  Sold Apr 2, 2026 · 92.7% of list

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