LOT 3 RONSON COURTENAY

neighbourhood of Other British Columbia Canada V9N 9K2
$5,400,000

LOT 3 RONSON COURTENAY

  • Price: $5,400,000
  • MLS Number: 919611
  • Property Type: Residential

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.

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