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Seller financing, VTB or potential JV partnership options. SHOVEL READY ...PLR ISSUED ...DP... approved....PLR issued. Allowed under current zoning on 39 x SSMUH fee simple lots ($170k/ per lot)
OPTIONS:
156 Fourplexes
39 Single fam w/ suites,
78 Duplexes w/ suites
121 TRIPLEXES
$ 50 k / per door, land cost !!
DP approved. Phase 1 is 35 lots for the first 140 homes, or 121 Triplexes, or 70 Duplexes w suites, or just do 35 Single fam w/ suites.
39 x lots @ $410k/ lot) = $ 16.1 M
Recent appraisal $7.22M
* Buy at half price * V.T.B. options avail. Vendor financing. Joint venture partnership opportunities.
OR, rezone as CD multi-fam strata for low rise, 4 level, 355 apt block units on a prime 18.7 AC "ready to go" property.
Permits in place & trees already cleared & grubbed & internal roads roughed in & pond's already approved & constructed.
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Listed by Easy List Realty
Data was last updated February 10, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
113
Avg list price:
$650,000
Min list price:
$38,000
Max list price:
$7,500,000
Avg days on market:
76
Min days on market:
1
Max days on market:
697
Avg price per sq.ft.:
$445.46
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. This data is not produced by the MLS® system.