DEVELOPMENT PROPERTY! Unique opportunity exists with this 8.78 acre development property in the heart of sunny Saltair! Having already been rezoned the property has been proposed for development with 1 acre of commercial on the front, 7 bare land strata lots in behind and a 4+ acre park dedication to the Cowichan Valley Regional District. Rear portion of property would be part of future Stocking Creek Park. Although not approved, the Regional District has indicated they support the plan. A substantial amount of engineering & environmental initial work has been done. The 1 acre portion near the front of the property was a former gas station that closed early 1970's. Seller has indicated prior to environmental regulation changes the property had been given a green light for development. A phase 1 environmental is presently being done. Common septic field is a proposed membrane drip system. Residential lots based on initial plan would run from 13,885 sq ft to 14,768 sq ft.
Listing courtesy of Sutton Group-West Coast Realty (Dunc).
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