7853 Osborne Bay Rd, Crofton, BC, V9L 5W7

7853 Osborne Bay Rd

– $14,888,000

CBRE Victoria is pleased to present the opportunity to purchase three contiguous land parcels totalling 29.06 acres in the Cowichan Valley. The project, branded as SeaCrest Maple Mountain (www.seacrest.dev), is zoned CD20, providing for the opportunity to create up to 224 single family or duplex lots or up to 896 units as per Bill 44 - Residential Property Amendment Act. Phase 1, consisting of 21 single family lots, is shovel ready with an approved PLA and Design Stage Approval issued. Phase 2 planning, comprising 23 single family lots, is complete with PLA application ready for submission pending final DP approval and engineering 90% finalized. The balance of the lands can support up to 180 lots. Purchasers will benefit from substantial residential demand in North Cowichan, resulting from the new North Cowichan Hospital development and the numerous lifestyle benefits of the region including the Maple Mountain 2,500 acre recreation area just minutes from the site.