WATERFRONT ACREAGE! Here are 3.52 acres with two older homes - one currently rented. Sitting on the ocean's edge with approximately 325 feet of water frontage, this large property borders three roads with access from two of those roads. The value of the property is in the future potential for possible subdivision or development. Located 5 minutes south of Courtenay, directly across the road from the northern part of the future Kensington Development, there is bound to be plenty of opportunity in this property. Currently zoned CR1, the two houses on the property are allowed and can be rented. Rezone now for smaller residential lots or wait until sewer arrives and expand the property's potential. Worth investigating and did you know that Kensington is currently building its golf course!