18.7 Acres Lot
18.7 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 956346
Rental Info Unrestricted
Annual Tax Amount $6,000
Tax Year 2023
Lot Size 18.700 Acres
Acres 18.7
Property Sub-Type Land
Property Description
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.
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.
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.
18.7 ACRES (in city limits)
DEVELOPMENT PERMIT ** DP APPROVED**
Location
Province BC
County Courtenay, City Of
Area Cv Courtenay City
Zoning R-SSMUH
Direction North
Rooms
Kitchen 0
Exterior
Parking Features Additional
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available
View Y/N Yes
View Mountain(s)
Total Parking Spaces 10
Building
Lot Description Acreage, Level, Private
Faces North
Sewer Sewer To Lot
Water Municipal
Others
Restrictions Restrictive Covenants
Tax ID 001-800-485
Ownership Freehold
Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs
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