Development & Investment Opportunity - 96 acres SOLD
Price: CAD$ 2,795,000 (US$ 2,299,000) SOLD
Official exchange rates apply.
797 Beechwood Drive - Mayne Island
Spectacular 96 acres with ocean frontage on Navy Channel. Beautiful terraced land with stunning views. Sunny, private, a world of its own! Sub-division & development potential for golf course, rural & oceanfront home sites. Bring your plans and ideas. Zoned Rural. A second title can be immediately created. Lying in a very strategic location midway between Vancouver and Victoria, the property consists of 96 acres of ocean front and ocean views.
British Columbia is a great place to land bank money. Land banking is what very wealthy people do to preserve wealth. Many people from all over the world land bank money here. This country is an exceptional place to do this because it's politically stable and will stay that way in the future.
Keeping assets in currency is not a very good idea, neither is speculating on the stock exchange, as we have just seen in the most recent recession. Land banking money is a much safer place for it than a real bank and the interest paid surely is not comparable to the increase in land values.
Offered for the first time ever as a complete package, this natural treasure of unspoiled beauty in the Gulf of Georgia is secluded but well connected. The estate has medium bank oceanfront, overlooking with a splendid view several other Islands as well as Navy Channel and Plumper Sound.
The property also has a realistic potential for Amenity Rezoning in the near future for view lots and further oceanfront estates with market values ranging from $300,000.00 to $700,000.00 through either general rezoning because of population density increases, or by providing amenities to the Mayne Island community. It has spectacular scenery and excellent geographic location close to the three major centers of the Pacific North West, Vancouver, Victoria, and Seattle.
Elsewhere on Mayne Island some Co-op models and a Fractional ownership of 1/8 shares project is completed, setting a precedence.
Please use the links provided to view photos of the property, as well as an overall plan. SOLD