1 Trans Canada Hwy, Mill Bay, BC V0R 2P4

$14,800,000
List Price
$14,800,000
MLS® #
834799
Acres
136.41
Subdivision
Ml Mill Bay

Property Description

Extraordinary development opportunity in Mill Bay! This prime Real Estate property is comprised of 136 acres, gently sloping towards the ocean and 2,300 feet of highway frontage. Ocean Terrace Comprehensive Designation (CD 7) applies to a mixed-use development allowing for up to 438 residential units of varying housing types, 3.5 acres of commercial development, public school and public parkland. Ocean Terrace Properties is located at the intersection of Butterfield Road and the Trans-Canada Highway, in Mill Bay, BC. This location is approximately 30 km North of Victoria, 15 km South of Duncan and 2 km South-West of Mill Bay's commercial area. The Cowichan Valley is a large, primarily rural district situated on Southern Vancouver Island. The Ocean Terrace development will provide housing for various demographic needs and a commercial core that will be comprised of small-scale retail opportunities. Call for details!

Additional Information

Lot Size
5,928,516
Lot Features
Level Lot
Office Name
Sotheby's International Realty Canada (Vic2)

Listing courtesy of Sotheby's International Realty Canada (Vic2).

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing content Copyright 2020 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.