Lot 1 Lee Rd, French Creek, BC V9P 2L2

$10,500,000

Courtesy of RE/MAX of Nanaimo - Mac Real Estate Group

List Price
$10,500,000
Status
ACTIVE
MLS®
886470
Property Type
Commercial
Acres
18.41
Lot Size
801,939
District
French Creek
Neighbourhood
Pq French Creek

Property Description

Morningstar Ridge, a turn key development opportunity located in the marine community of French Creek. This parcel has an approved development permit w/ a preliminary layout approval from MOTI for the first 2 phases. The 18 acre development incl 36 single detached houses ranging from 1600 - 3000 + sq.ft & 12 full size duplexes that can be built to approx 4700 sq.ft or 2350 sq.ft per side. The gently sloping property has been cleared, de-stumped, seeded & has a subsurface that consists predominately of well draining soil. 20 building lots back onto a park adjacent to French Creek or stream side protection enhancement area next to Morningstar Creek. Layout allows for evenly spaced homes w/ landscaping, common gazebo & walking path connecting to community park. The project can be built fast or slow as desired w/ 11 phases & a 2 yr window to commence construction per dev permit. (All info & data should be verified if fundamental to the purchase.)

Additional Information

Lot Features
Acreage, Central Location, Cleared, Level, Marina Nearby, Near Golf Course, Rectangular Lot, Shopping Nearby, Southern Exposure
Parking Type
On Site
Rentals Allowed
Unrestricted

Mortgage Calculator

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Calculator source: Real Geeks

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