Extraordinary development opportunity in Mill Bay! This prime Real Estate property is comprised of 136 acres, gently sloping towards the ocean and 2,300 feet of highway frontage. Ocean Terrace Comprehensive Designation (CD 7) applies to a mixed-use development allowing for up to 438 residential units of varying housing types, 3.5 acres of commercial development, public school and public parkland. Ocean Terrace Properties is located at the intersection of Butterfield Road and the Trans-Canada Highway, in Mill Bay, BC. This location is approximately 30 km North of Victoria, 15 km South of Duncan and 2 km South-West of Mill Bay's commercial area. The Cowichan Valley is a large, primarily rural district situated on Southern Vancouver Island. The Ocean Terrace development will provide housing for various demographic needs and a commercial core that will be comprised of small-scale retail opportunities. Call for details!
Listing courtesy of Sotheby's International Realty Canada (Vic2).