Lot A Paldi Rd
Duncan, British Columbia
MLS® 1029984
$12,000,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 1029984
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- —
Photos coming soon
Listing description
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.
Property summary
- MLS® number
- 1029984
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 196 acres
- Annual property taxes
- $13,809.00
- Days on market
- 168 days
Features & details
- Lot features
- See remarks
What would this home cost you?
Based on the $12,000,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Pemberton Holmes Ltd., Victoria.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.