238 & 246 First Street, Tofino, BC

Two rare, ocean-view development lots now available in the heart of Tofino — a highly desirable and tightly held West Coast destination. Located within an exclusive three-lot subdivision, 238 and 246 First Street offer an exceptional opportunity for those looking to build in a walkable, ocean-facing location just minutes from Tonquin Beach, the harbourfront, and downtown amenities. Both lots are zoned R1, which permits the construction of a single-family home, a secondary suite, and a licensed short-term rental (STR). Notably, Tofino has opted out of the province’s new STR restrictions, making these parcels among the few in British Columbia where out-of-town ownership and STR operation remain legally permitted outside of the Provincial regulations. This regulatory distinction significantly enhances their long-term investment appeal. Each property features partial site preparation, west-facing exposure for beautiful sunset views, and an elevated setting with a forested rear yard — combining privacy, light, and natural beauty. The lots also support home-based business uses and are within walking distance of schools, shops, restaurants, and trails. With limited land availability, supportive zoning, and a strong tourism economy, these properties offer rare flexibility and potential in one of BC’s most supply-constrained real estate markets. - 238 First Street: approx. 1,887 sq ft | $499,000 + GST - 246 First Street: approx. 1,841 sq ft | $489,000 + GST