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$ 8,950,000
Est. payment | /mo
18.7 Acres Lot
$ 8,950,000
Est. payment | /mo
18.7 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Courtenay City
MLS® Listing ID 956346
Originating Board Vancouver Island Real Estate Board
Lot Size 18.700 Acres
Acres 18.7
Property Sub-Type Freehold
Property Description
For additional information, please click on Brochure button below. 39 FEE SIMPLE lots. The yield allows 39 Single fam w/ suites, or 78 Duplexes w/ suites, or 156 Fourplexes. Under current new Zoning/ Approvals. List price is only $ 56 k / per door, land cost !!! DP approved. Phase 1 is 35 lots for the first 140 homes, or 70 Duplexes, or 35 Single fam w/ suites. 39 FEE SIMPLE lots. The yield allows 39 Single fam w/ suites, or 78 Duplexes w/ suites, or 156 Fourplexes. Under current new Zoning/ Approvals. List price is only $ 56 k / per door, land cost !!! DP approved. Phase 1 is 35 lots for the first 140 homes, or 70 Duplexes, or 35 Single fam w/ suites. 39 x lots @ $479k) = $ 18.7 M less $2.2M remaining servicing costs is net $16.5 M residual value. * Buy at half price * OR, rezone as CD multi-fam strata for 450 apt units on this prime 18.7 AC ''ready to go'' property. Permits in place & trees already cleared & grubbed & internal roads roughed in & pond's already constructed. * Devp is ripe for 2025 Summer home construction at this great location. Courtenay housing demand, has a significant pent up housing shortage, and very large demand for both affordable homes and also rental units too. (Possible seller or builder financing) 18.7 ACRES (in city limits) DEVELOPMENT PERMIT ** DP APPROVED** (id:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N Yes
View Mountain view
Total Parking Spaces 10
Private Pool No
Others
Ownership Freehold
Listed by Easy List Realty
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