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- 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
- Listing General Location:
- CV Courtenay City, Comox Valley
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 18.06 acre(s)
- Taxes:
- $3,646 / 2022
- Electricity:
- Yes
- Commercial Area:
- Not Applicable
- Water supply:
- Municipal, To Lot
- Sewer:
- Sewer Available, Sewer To Lot
- Fireplace:
- No
- Real Estate, See Remarks
- Real Estate
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Seller may consider a JV or some vendor financing for approved buyers.
- Assessed:
- 742000.0
- Assessment year:
- 2022
- Jurisdiction name:
- City of Courtenay
- Legal Description:
- Lot 3, Plan VIP7752, District Lot 231, Comox Land District, Except Plan 35274, & EXC PL 37435
- Zoning:
- R-2 Residential
- Occupancy:
- Vacant
- 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
- 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
Data was last updated March 29, 2023 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 22
- Avg list price:
- $369,950
- Min list price:
- $25
- Max list price:
- $5,400,000
- Avg days on market:
- 114
- Min days on market:
- 14
- Max days on market:
- 611
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.
- Sandy Clark Personal Real Estate Corporation
- Royal LePage Coast Capital Realty
- 250-668-9878
- vancouverislandproperty@gmail.com
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