Lot 5 Colonia Dr, UI Duncan, L1L 1L1

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$6,150,000

MLS® #: 388501

RARE FIND !! - 42 acres of Development Land for Residential Single Family Zoning [R-1], inside the Town of Ladysmith, with an APPROVED PLA for Phase 1 – 38 Lots, with the potential of up to 200 homes !! Pre-paid DCCs of over $170,000. Excellent development lands, reasonable slopes of mostly gravel with no riparian areas or SPEAs. About 1/3 of the property has stunning views of the Strait of Georgia. Development requires a bridge on what would become an extension of Colonia Drive, which is expected to become a shared cost of the estimated 1,000 homes in the Holland Creek Local Area over the next 10-20 years. City Sewer and Water, all underground utilities. EXEMPT from the Foreign Buyers Tax & Speculation Tax ! Listing Realtor, Bill Eller PREC, is Beneficial Owner, Disclosure of Interest in Trade can be found in Supplements.