Lot 3 Ronson Rd, Courtenay, BC V9N 9K2

$5,400,000

Courtesy of Royal LePage Coast Capital - Westshore

List Price
$5,400,000
Status
ACTIVE
MLS®
919611
Property Type
Commercial
Acres
18.06
Lot Size
786,693
District
Courtenay
Neighbourhood
Cv Courtenay City

Property Description

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.

Additional Information

Lot 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 Type
On Site
Taxes
$3,646
Rentals Allowed
Unrestricted

Mortgage Calculator

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Calculator source: Real Geeks

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