If you need assistance, please call 250-240-2376

Sam Robins
250-240-2376
DESCRIPTION

Extraordinary development opportunity in Mill Bay! This prime Real Estate property is comprised of 136 acres, gently sloping towards the ocean and 2,300 feet of highway frontage. Ocean Terrace Comprehensive Designation (CD 7) applies to a mixed-use development allowing for up to 438 residential units of varying housing types, 3.5 acres of commercial development, public school and public parkland. Ocean Terrace Properties is located at the intersection of Butterfield Road and the Trans-Canada Highway, in Mill Bay, BC. This location is approximately 30 km North of Victoria, 15 km South of Duncan and 2 km South-West of Mill Bay's commercial area. The Cowichan Valley is a large, primarily rural district situated on Southern Vancouver Island. The Ocean Terrace development will provide housing for various demographic needs and a commercial core that will be comprised of small-scale retail opportunities. Call for details!

KEY DETAILS
  • Price:
  • $14,800,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 136.41
  • Listing #:
  • 834799
  • Street Address:
  • 1 Trans Canada Hwy
  • City:
  • Mill Bay
  • State:
  • BC
  • Area:
  • Malahat & Area
  • Subarea
  • Mill Bay
  • Listing Status:
  • For Sale - Active

Building

  • Features:
  • Shopping Nearby, Transit Nearby, Visual Exposure

Business

  • Business Description:
  • Ocean Terrace

Land

  • Conforms To Zoning:
  • Cd7
  • Lot Features:
  • Level
  • Lot Size:
  • 136.41
  • Lot Size Units:
  • Acres
  • Lot Square Footage:
  • 5928516
  • Road Frontage Type:
  • Highway

Listing

  • Days On Market:
  • 149

Location

  • Street Type:
  • Hwy
  • Sub Area:
  • Mill Bay

Money

  • Ownership:
  • Freehold
  • Property Taxes:
  • $35,337
  • Tax Year:
  • 2019

Source

  • Listing Provided By Constantin Popa* of Sotheby's International Realty Canada (vic2)
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NOTES

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