629 replies to this topic

[Victoria Watcher]

$4,299,000

 

https://www.realtor....ich-gordon-head

 

 

4171 Cedar Hill Rd

 

Large property that is in the process of being sub-divided into 4 fully serviced lots in the very desirable Gordon Head/Mount Doug area of Victoria. The neighborhood is less than 10 minutes driving distance to UVIC and fifteen minutes to downtown Victoria. This property is a Developers Dream!

 

 

My map, since the Realtor didn't include one:

 

 

 

 

 

"Developers Dream"?

 

 

I don't know, you have to build a house on these with a land cost already at $1.1M.

 

 

 

 

2016 Alberg Farm, nearby:

 

 

 

Tri-Eagle and Jawl Residential plan to service sixteen individual lots sized between 8,000 and 10,000 square feet with home sites approved for upwards of 3,000 square feet. Although the duo is known for developing properties, in this case the plan is to sell individual parcels to home buyers or builders with prices ranging from $500,000 to $600,000, Lee says.

 

 

http://victoria.citi...-to-developers/

Edited by Victoria Watcher, 13 August 2022 - 06:04 PM.

[lanforod]

Pretty sure the Alberg farm lots went for 750 and up.

Edited by lanforod, 13 August 2022 - 06:39 PM.

[Victoria Watcher]

 

Welcome to Nickson Way! One of the latest phases within the Sun River Estates Community. This large, level lot backs on to a forest and is cleared and ready for your ideas. Over .25 acres, water, hydro and natural gas has been brought to the lot. Close by you will find walking trails throughout the neighborhood, the newly finished outdoor sports complex, Sun Rivers Community Garden and trails to Sooke River. -Title registration anticipated for the end of August, currently with land titles

 

$475,000

 

https://www.realtor....-sooke-sunriver

Edited by Victoria Watcher, 14 August 2022 - 03:53 AM.

[Victoria Watcher]

 

Live in luxury on the rustic shores of the Juan De Fuca Strait. A potentially lucrative opportunity to build your dream home on the 240 feet of high bank oceanfront. You will have unobstructed south-facing views of the Olympic mountain range and the Salish Sea. At offer is a 63.25-acre lot, located in Shirley's premier gated cul-de-sac community of Lighthouse Point. The lot has a drilled well and electricity to the lot line. Zoning (AG - Agricultural Zoning) is comprised of both Rural A and Agricultural Land Reserve (ALR) designations that allow for multiple dwellings on the property. The backyard is sure to impress and features the tranquil Sheringham Lighthouse Trail and acres of majestic trees. Sooke is a short drive away, where you will find grocery stores, schools, restaurants, and everyday essentials. 

 

$2,970,000

 

 

Lot 17 Lighthouse Point Rd
Sooke, British Columbia V9Z1G4

 

 

https://www.realtor....-sheringham-pnt

 

Edited by Victoria Watcher, 15 August 2022 - 11:43 PM.

[Matt R.]

Now we’re talking! This will be half price by November, right?

[Mike K.]

Ok ok, “short drive away” is a bit of a stretch. This community is 30 minutes from Sooke’s town centre, and well over 20km. I know this, because the breeder who sold me my dog lived out that way and I’d laugh to myself at how far she was, after already driving 20 minutes down the highway from Sooke.

Just be honest with these write-ups. No need to sell someone on gimmicks like that.

[LJ]

^They will find out when they drive out to walk the property.

[Redd42]

And way too cold 11.5 months of the year.

[Victoria Watcher]

 

 

 

Offering an opportunity to own over 400' of lake frontage on Honeymoon Bay. First time on the Market in over 20 years. Spectacular Lake Front. Over five acres on pristine waterfront with many sandy beach areas and swimming bays. The views & setting are stunning, & extremely private. This property is being sold as a package with 3 other adjoining properties, PID 000 279 471 and PID 000 279 561 PID 005 186 501.Mixed use, Agriculture and Heavy Industrial. The properties are on beautiful Honeymoon Bay as well as across the road with 2 cozy cottages. One 3 bedroom, the other has 2. Both enjoy magnificent forested acreage, & enjoy nature trails throughout. Several outbuildings on the property offering work and storage areas. many opportunities for redevelopment. Needs to be viewed to truly appreciate this lakeside property.

 

https://www.realtor....y-honeymoon-bay

 

$3,400,000

 

 

10200 South Shore Rd
Honeymoon Bay, British Columbia V0R1Y0

 

Edited by Victoria Watcher, 18 August 2022 - 09:49 PM.

[Mike K.]

Another spec tax sale.

[Barrrister]

Is lake Cowichan under the spec tax?

[Victoria Watcher]

It’s about to be.

[Redd42]

Why would the folks who can afford this care about the spec tax?

[Matt R.]

Maybe it’s been in the family 20 or more years and they just pay property tax.

[dasmo]

And maybe they realized the might get almost 4 million for it.

[Mike K.]

Purchased 20 years ago these lots world have been worth $150k. Cowichan didn’t become crazy popular until the last decade. Now the large parcel alone is assessed at over a million (year prior ~$650k).

And now the owners will have to pay a spec tax on about $1.5 million in collective assessed value. If they’re BC residents, that’s equal to $7,500. If they’re not, they have to pay $30,000.

You can see why people are selling these properties. And for what? There won’t be any workforce housing there, affordable housing or rentals. Meanwhile MLAs get to keep their vacation homes on the Gulf Islands where housing is in dire straits.

[dasmo]

Plus if this one single sale happens it will establish that land values are twice as much as they were before making it less affordable in the area.

[Matt R.]

We have an acre with a plain Jane 3 bedroom house on it which we very recently added a 26ft trailer to. Next week we are starting to build a cover for it, which when the trailer dies can be converted into a tiny home, which i guess at 28’x14’ isn’t all that tiny relatively. We are fortunate that we are able to afford to do such things, because if we wait for government to solve our housing issues we’ll be waiting forever.

[Redd42]

Who is the housing for?

[Matt R.]

Staff of course.