2201 Ronson Rd Active Save Request In-Person Tour Request Virtual Tour
Courtenay,BC V9N9K2
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Courtenay City
MLS Listing ID 956346
Originating Board Vancouver Island Real Estate Board
Lot Size 18.700 Acres
Acres 814572.0
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N Yes
View Mountain view
Total Parking Spaces 10
Private Pool No
Others
Ownership Freehold