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
MLS® #
886470
Acres
18.41
Subdivision
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 Size
801,939
Lot Features
Road - Paved, Acreage, Central location, Level Lot, Marina Nearby, Golf Course Nearby, Shopping Nearby, Southern Exp, Cleared, Rectangular Lot
Parking Type
On Site
Office Name
RE/MAX of Nanaimo - Mac Real Estate Group

Mortgage Calculator

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Calculator source: Real Geeks

Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.