Development & Investment Opportunity - 104 acres

Price: $7,500,000 (CAD)

777 Beechwood Drive - Mayne Island

Spectacular 104 acres with approx 1,700 ft ocean frontage on both Navy Channel & Horton Bay. Beautiful terraced land with stunning views. Sunny, private, a world of its own! Sub-division & development potential for resort, golf course, marina, rural & oceanfront home sites. Bring your plans and ideas. Zoned Rural & W4. Property is held in three titles. A forth title can be immediately be created. Lying in a very strategic location midway between Vancouver and Victoria, the property consists of over 100 acres of ocean front and ocean views, some of it developed into a unique, low bank harbour frontage estate, with a Government Wharf zoned already for Marina/Dock at the best natural harbour among the southern Gulf Islands.

Land banking

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 since many of them are on the verge of bankruptcy 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 low and 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. This estate is also suited for a Coastal Destination Resort with Marina due to its spectacular scenery and excellent geographic location close to the three major centers of the Pacific North West, Vancouver, Victoria, and Seattle.

For developers interested in an even larger scope, the adjacent neighbouring property of 64 acres has been offered at $15,000,000.00. Ownership of both estates would give a developer or an investor a superb development together with kilometers of oceanfront. The remainder south east portion of Section 2, has already been divided into three titles, and can legally be subdivided into a fourth of nearly any size. A previous proposal of additional nine ocean front and ocean view lots, including the creation of walking trails and two parks, already received approval with the Parks Commission.

Elsewhere on Mayne Island a time share project is almost completed, setting some kind of a precedence for projects of similar size and scope.

Please use the links provided to view photos of the property, as well as an overall plan.