2201 Ronson Rd Courtenay, British Columbia V9N 9K2
$8,970,000
For additional information, please click on Brochure button below. The # of FEE SIMPLE lots has now TRIPLED. The yield's also increased 5 X fold, from 30 homes (15 x duplex lots) to now 160 homes (40 x fourplex lots) !!! 160 homes under current new zoning. Price is only $ 56 k / per door, land cost !!! DP approved. Phase 1 is 35 lots for the first 140 homes. 40 x (fourplex lots @ $499k) = $20M less $2M remaining service costs is net $18M residual value. Even 40 x (lots @ $479k) = $19.2M less $2M is still net $17.2M. Land's for sale at less than half price @ only $ 8.97M OR, rezone as CD multifam strata for 350 - 500 units on the 18.7 AC prime property. Permits in place & trees already cleared, internal roads roughed in and $250k pond's already constructed. * Devp is ripe for 2025 Spring/ Summer construction at this great location. Courtenay has a significant housing shortage, and pent up demand for both LOTS & affordable homes and also rental units. 18.7 ACRES (in city limits) DEVELOPMENT PERMIT ** DP APPROVED** (id:50419)
Property Details
| MLS® Number | 956346 |
| Property Type | Vacant Land |
| Neigbourhood | Courtenay City |
| Features | Acreage, Level Lot, Private Setting |
| Parking Space Total | 10 |
| Plan | 7752 |
| View Type | Mountain View |
Building
Parking
| Other |
Land
| Access Type | Road Access |
| Acreage | Yes |
| Size Irregular | 18.7 |
| Size Total | 18.7 Ac |
| Size Total Text | 18.7 Ac |
| Zoning Description | R-ssmuh |
| Zoning Type | Residential |
https://www.realtor.ca/real-estate/26629922/2201-ronson-rd-courtenay-courtenay-city
Contact Us
Contact us for more information
Darya Pfund
www.easylistrealty.ca/
301 - 1321 Blanshard Street
Victoria, British Columbia V8W 0B6
(888) 323-1998
www.easylistrealty.ca/
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March 28 2025 02:12:42
Vancouver Island Real Estate Board
Easy List Realty