861 replies to this topic

[Victoria Watcher]

 

 

$15,000,000

 

Fantastic opportunity to invest in a large acreage with natural surroundings. At the Asking Price, the current owner will include the Approved Water License and servicing agreement for the site. The Water License and servicing agreement enables the provision of water and wastewater services to the Property and neighbouring properties and has provision for 15 year latecomer agreement for those accessing the water and wastewater services. (Contact Agent for additional information) Property has an overall approval for 330 units of housing and 100,000 sq. ft. of commercial Space and there is a development permit for the first 103 units of housing. In discussions with the Cowichan Valley Regional District, there is consideration being given to increasing the allocated density.

 

Court-Ordered Sale.

 

Vacant 196-acre lot located on Paldi Road in Cowichan Valley Regional District. Sold 'as is, where is.' . Buyer to verify development potential, well and septic requirements with CVRD. Subject to court approval. 

 

https://www.realtor....can-west-duncan

 

 

 

 

 

 

 

2024:

 

Plans are in place to revitalize the Cowichan Valley community of Paldi, which was the bustling centre of an active logging industry operation many years ago, with a new residential/commercial development.

 

The overall plan for the Elk Ridge community project, which is envisioned to be a highly unique master planned, semi-rural resort community, is to have 355 residences constructed on 200 acres over a 10-year period, and build out and pre sales for phase-one of the development, which includes 103 dwellings, has begun and is scheduled to be completed by June, 2026.

 

https://www.cowichan...owichan-7337630

Edited by Victoria Watcher, 12 May 2025 - 05:59 PM.

[Mike K.]

About $80k/acre when you factor in closing costs and due diligence.