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 âas-isâ at $28,900,000 10 minutes from downtown Duncan and the new hospital, with full due diligence and a clear phased path to execution. (id:27476)
