- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 919611
- Photos (39)
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Development opportunity on 18.06 acres with DP application in for a phased development. Located in West Courtenay amidst new high quality residential subdivisions, a desirable development site situated between Courtenay & Cumberland. The property is accessed off the Arden Road corridor offering ease of access to the Parkway, Island HIghway, downtown Courtenay, Cumberland, Puntledge River, Comox Lake & Mt. Washington's recreational mecca. DP application in process separates property into 3 parcels with Phase 1 offering 21 residential duplex lots (42 doors); Phase 2 offering 2 single family lots & 2 duplex lots. Central portion dedicated to park land with a portion of phase 2 held for future development. April 2022 appraisal is $6,600,000 'as is' with potential gross lot sale revenue of $13,350,000 or build out to increase your revenue. Rezone to higher density supported - conceptual - 68 small lots, 176 townhomes, 12 x 4 story apartments, mixed 20 x duplex, 58 townhomes, 160 apts.
- Property Type:
- Commercial Sale
- Type:
- Unimproved Land
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- CV Courtenay City, Comox Valley
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 18.06 acre(s)
- Taxes:
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- Electricity:
- Yes
- Ceiling Heights:
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- Commercial Area:
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- Water supply:
- Municipal, To Lot
- Sewer:
- Sewer Available, Sewer To Lot
- Fireplace:
- No
- Pending Date:
- Signup
- Real Estate, See Remarks
- Real Estate
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Utilities:
- Electricity Available, Phone Available
- Lot Site Features:
- Acreage, Adult-Oriented Neighbourhood, Central Location, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Near Golf Course, No Through Road, Park Setting, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, See Remarks
- Parking Features:
- On Site
- Road Surface Type:
- Paved, Unimproved
- Total Units:
- Signup
- Date Listed:
- Nov 22, 2022
- Original Price:
- 5400000.0
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Photo 1 of 39 -
Photo 2 of 39
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Proposed phase 1 - 21 large duplex lots (42 doors)
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Proposed phase 2 - 2 single family pan handle lots and 2 duplex lots
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Proposed phase 3 - for future development
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Photo 6 of 39
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Neighborhood zoning map - Subject property is currently R-2
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Photo 8 of 39
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Photo 9 of 39
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Photo 10 of 39
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Photo 11 of 39
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Neighbouring subdivision
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Photo 13 of 39
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Neighbouring subdivision
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Neighbouring subdivision
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Neighbouring subdivision home b as part of 2880 Arden Road as part of 2880 Arden strata development
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Access off Ronson Rd
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Ronson Road
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Arden Road
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Neighbouring subdivision
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Neighbouring subdivision
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Alternative plan
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Neighbouring subdivision
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Neighbouring subdivision
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Photo 25 of 39
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Photo 26 of 39
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Photo 27 of 39
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Photo 28 of 39
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Neighbouring subdivision
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Neighbouring subdivision
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Community walking trail parallel to property
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Community walking trail parallel to property
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Photo 33 of 39
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Photo 34 of 39
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Alternative townhome plan for Phase 1 if rezoned to higher density
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Alternative apartment bldg plan for phase 1 if rezoned to higher density - twelve 4 story buildings
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Alternative townhome plan for phase 2 if rezoned to higher density
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Alternative higher density for phase 1 if rezoned to higher density
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Alternative plan
Listed by Royal LePage Coast Capital - Westshore
Data was last updated February 7, 2023 at 07:30 AM (UTC)
Area Statistics
- Listings on market:
- 22
- Avg list price:
- $562,400
- Min list price:
- $89,000
- Max list price:
- $5,400,000
- Avg days on market:
- 94
- Min days on market:
- 4
- Max days on market:
- 561
These statistics are generated based on the current listing's property type
and located in
CV Courtenay City. Average values are
derived using median calculations.
- Blaine Thurlow
- eXp Realty
- 1 (250) 210-1617
- Contact by Email
- Michelle Thurlow
- eXp Realty
- 1 (250) 210-0999
- Contact by Email
