$10,762,500
$14,800,000
27.3%For more information regarding the value of a property, please contact us for a free consultation.
136.41 Acres Lot
SOLD DATE : 03/31/2022
Key Details
Sold Price $10,762,500
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 834799
Sold Date 03/31/22
Annual Tax Amount $35,337
Tax Year 2019
Lot Size 136.410 Acres
Acres 136.41
Property Description
Extraordinary development opportunity in Mill Bay! This prime Real Estate property is comprised of 136 acres, gently sloping towards the ocean and 2,300 feet of highway frontage. Ocean Terrace Comprehensive Designation (CD 7) applies to a mixed-use development allowing for up to 438 residential units of varying housing types, 3.5 acres of commercial development, public school and public parkland. Ocean Terrace Properties is located at the intersection of Butterfield Road and the Trans-Canada Highway, in Mill Bay, BC. This location is approximately 30 km North of Victoria, 15 km South of Duncan and 2 km South-West of Mill Bay's commercial area. The Cowichan Valley is a large, primarily rural district situated on Southern Vancouver Island. The Ocean Terrace development will provide housing for various demographic needs and a commercial core that will be comprised of small-scale retail opportunities. Call for details!
Location
Province BC
Area Ml Mill Bay
Zoning CD7
Exterior
View Y/N 1
View Other
Building
Lot Description Level
Others
Tax ID 009-346-554
Ownership Freehold
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Bought with Royal LePage Coast Capital - Westshore