Visit REALTOR website for additional information. DREAMING OF YOUR OWN OCEAN FRONT EQUESTRIAN PARADISE?? This Ocean front 5 acre parcel located centrally between Courtenay and Campbell River. There is a 10X10 shed on the property. Currently this property will be offered as lease hold, with a 150 year lease, which will become Fee Simple once the subdivision is approved. The property has been rezoned and is currently in the subdivision process. You can build a 5000 sqft home or build two homes as long as there connected by a breeze way.