$22,000,000 - For sale

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RARE OCEAN VIEW 400 acre property with Trans Canada highway frontage near the south Shawnigan Lake Rd turnoff & TC Hwy 1. The former E&N Rail line & hydro lines accessed off Okotoks Rd and Shawnigan Lake Rd run through the property. The CVRD land is 360.4 acres zoned RUR-1 & the ocean view CRD land is 39.6 zoned GB-2. There may be potentially 100 million tonnes of aggregate plus potential timber value. The property traverses the Cowichan Valley Trail & TC Hwy, a portion of TC Hwy 1, behind the rail line neighbouring Cedar Springs RV Park up to the end of Finlayson View Place in Goldstream Heights. The upper portion of the property neighbours ocean view estates on 2.5 acre to 5 acre parcels. The lower portion borders light industrial & TC Hwy 1. There is a paved access road through a former gravel pit off Stebbings Rd (fenced road on lower portion off Stebbings) where a legal right of way will be registered for road access and another registered right of way access point off Finlayson View Place. The property is located 15 minutes North of Langford and Westshore Parkway. With careful planning and mixed rezoning in partnership with the CVRD and CRD, this property could set the stage for a fabulous multi-purpose, functional development catering to the needs of the community, the Victoria /Shawnigan /Malahat /Mill Bay and Vancouver Island residents. A parcel of this size could provide much needed industrial, commercial, residential and recreational development; or potentially provide a secondary road access to Victoria and the Sooke Parkway. At present, the Department of Highways are surveying the South East portion of the property for potential future access/egress to Shawnigan Lake Road. Should the highways proceed with this, additional road frontage may be provided adding substantial value and additional highway frontage. All interested parties must do their own due diligence regarding their intended use. Information package available. (id:2471)

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Message I am interested in this property - please contact me: ID#: 933650 | $22,000,000 00 Malahat (Off) Hwy, Malahat, British Columbia, V0R2W3 (ID 933650) URL: https://remaxmiramichi.com/real-estate-properties/property-details/25669396-52/00-malahat-off-hwy-malahat-british-columbia-v0r2w3-id-933650/

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