This 0-bedroom, 0-bathroom vacant land in Duncan offers a 196 ac lot. The property has lot dimensions of 196, zoned Commercial.
Elk Ridge Estates is a rare large-scale master-planned community in the Cowichan Valley near Duncan, Vancouver Island. This court-ordered sale includes ~196 acres with long-term expansion potential, planned for up to ~355 homes (suites, single- and multi-family), ~100,000 sq. ft. of commercial space, 1 institutional lot, and a ~50-unit hotel/resort.A key asset is the provincially approved licensed water resource, structured for phased implementation.Natural features include four creeks, interconnected trails, three parks, a proposed sports plex, and strong wildlife presence.Infrastructure includes underground power, plus temporary power and water supporting two permitted showrooms.Phase 1 is approved for 103 lots (including five mixed-use) and is cleared.Appraised “as-is” at $28,900,000 10 minutes from downtown Duncan and the new hospital, with full due diligence and a clear phased path to execution. (id:60351)
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Listed by Peter Dosanjh, Pemberton Holmes Ltd.
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Listing represented by Peter Dosanjh, Pemberton Holmes Ltd. · MLS# 1029984
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Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.