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Listing by Peter Dosanjh Pemberton Holmes Ltd.
$12,000,000
Est. payment /mo
196 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1029984
HOA Y/N No
Annual Tax Amount $13,809
Tax Year 2025
Lot Size 196.000 Acres
Acres 196.0
Property Sub-Type Land
Property Description
Elk Ridge Estates is a rare large-scale master-planned community in the Cowichan Valley near Duncan, Vancouver Island. This court-ordered sale includes ~196 acres with long-term expansion potential, planned for up to ~355 homes (suites, single- and multi-family), ~100,000 sq. ft. of commercial space, 1 institutional lot, and a ~50-unit hotel/resort.A key asset is the provincially approved licensed water resource, structured for phased implementation.Natural features include four creeks, interconnected trails, three parks, a proposed sports plex, and strong wildlife presence.Infrastructure includes underground power, plus temporary power and water supporting two permitted showrooms.Phase 1 is approved for 103 lots (including five mixed-use) and is cleared.Appraised “as-is” at $28,900,000 10 minutes from downtown Duncan and the new hospital, with full due diligence and a clear phased path to execution.
Location
Province BC
County Cowichan Valley Regional District
Community Du West Duncan
Area Duncan
Zoning CD-1
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, See Remarks
View Y/N false
Garage No
Building
Lot Description See Remarks
Sewer Other
Water Other
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Ownership Freehold
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