2.14 Acre Waterfront Property

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8119 QUEEN STREET, CROFTON, BC

2.14 Acre Waterfront Property FOR SALE > DEVELOPMENT SITE WITH HOLDING INCOME

FOR SALE > DEVELOPMENT SITE WITH HOLDING INCOME

2.14 Acre Waterfront Property 8119 QUEEN STREET, CROFTON, BC

Contact Us BRAD ARCHIBALD +1 250 740 1060 Ext. 3 [email protected] JASON WINTON +1 250 740 1060 Ext. 2 [email protected] BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected] Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).

FOR SALE > DEVELOPMENT SITE WITH HOLDING INCOME

2.14 Acre Waterfront Property 8119 QUEEN STREET, CROFTON, BC

Opportunity Colliers International is pleased to present the sale offering of 8119 Queen Street, a mixed-use development site in the heart of Crofton, BC. The offering consists of a 2.14 acre parcel with general commercial zoning in place allowing for a wide variety of commercial uses, including a hotel and mixed-use development. The site features Osborne Bay water frontage, and is in immediate proximity to the Saltspring ferry. The property is also comprised of a duplex currently rented and providing holding income. The property is currently rented at $2,000 per month and the tenants are responsible for the hydro/power consumption.

Location The subject property is located in the town of Crofton, BC, situated a few kilometers east from the Trans Canada Highway, on the sunny southeast coast of Vancouver Island, just 16 km north of the City of Duncan, 40 km south of Nanaimo, and 74 km from Victoria. The community of Crofton, with a population of ±2,500, is situated on the calm waters of Osborne Bay in the Cowichan Valley on a gentle east-facing slope which provides for excellent views over Stuart Channel toward Saltspring Island. From Crofton, you can catch a ferry across to Saltspring Island - the largest, most populated, and most visited of the Gulf Islands chain. Crofton offers quiet parks, comfortable accommodation and a host of family activities, such as golfing, swimming, fishing, and hiking. Like many mid island communities, Crofton is poised to attract a demographic seeking the ideal combination of lifestyle, recreational opportunities and affordability offered by this spectacular region.

Site Information The subject property comprises an area of 93,218 square feet (2.14 acre) and occupies substantial water frontage on Osborne Bay as well as Queen Street. The property is partially treed and improved with a duplex on-site. All utility and site services are available at the lot line. Directly across Queen Street to the west is a commercial development site and a bakery/coffee shop. To the south and north of the property are mixed commercial and residential properties. The property located to the north is 1508 and 1524 Queen Street, comprised of a small cottage development. This property is also for sale and could be purchased in conjunction with the subject property. Plans are in place to develop both properties as the Crofton Quay Development including a marina and mixed use development. Contact listing agent for further details.

Zoning C-2 Commercial General Zoning. Permitted uses include a full range of commercial uses with accessory residential units. Some of these uses include: hotel, office, retail, restaurant, wholesale store, financial institution, pub, mixed-use building, etc.

Legal Address PID: 007-998-732 THAT PART OF FRACTIONAL SECTION 1, RANGE 11, CHEMAINUS DISTRICT, SHOWN OUTLINED IN RED ON PLAN 962R EXCEPT THAT PART IN PLAN 10190

Property Assessment (2014) $1,325,000

Property Taxes (2014) $11,892.80

Price One Million, Five Hundred Thousand Dollars ($1,500,000.00)

FOR SALE > DEVELOPMENT SITE WITH HOLDING INCOME

2.14 Acre Waterfront Property 8119 QUEEN STREET, CROFTON, BC

Opportunity Colliers International is pleased to present the sale offering of 8119 Queen Street, a mixed-use development site in the heart of Crofton, BC. The offering consists of a 2.14 acre parcel with general commercial zoning in place allowing for a wide variety of commercial uses, including a hotel and mixed-use development. The site features Osborne Bay water frontage, and is in immediate proximity to the Saltspring ferry. The property is also comprised of a duplex currently rented and providing holding income. The property is currently rented at $2,000 per month and the tenants are responsible for the hydro/power consumption.

Location The subject property is located in the town of Crofton, BC, situated a few kilometers east from the Trans Canada Highway, on the sunny southeast coast of Vancouver Island, just 16 km north of the City of Duncan, 40 km south of Nanaimo, and 74 km from Victoria. The community of Crofton, with a population of ±2,500, is situated on the calm waters of Osborne Bay in the Cowichan Valley on a gentle east-facing slope which provides for excellent views over Stuart Channel toward Saltspring Island. From Crofton, you can catch a ferry across to Saltspring Island - the largest, most populated, and most visited of the Gulf Islands chain. Crofton offers quiet parks, comfortable accommodation and a host of family activities, such as golfing, swimming, fishing, and hiking. Like many mid island communities, Crofton is poised to attract a demographic seeking the ideal combination of lifestyle, recreational opportunities and affordability offered by this spectacular region.

Site Information The subject property comprises an area of 93,218 square feet (2.14 acre) and occupies substantial water frontage on Osborne Bay as well as Queen Street. The property is partially treed and improved with a duplex on-site. All utility and site services are available at the lot line. Directly across Queen Street to the west is a commercial development site and a bakery/coffee shop. To the south and north of the property are mixed commercial and residential properties. The property located to the north is 1508 and 1524 Queen Street, comprised of a small cottage development. This property is also for sale and could be purchased in conjunction with the subject property. Plans are in place to develop both properties as the Crofton Quay Development including a marina and mixed use development. Contact listing agent for further details.

Zoning C-2 Commercial General Zoning. Permitted uses include a full range of commercial uses with accessory residential units. Some of these uses include: hotel, office, retail, restaurant, wholesale store, financial institution, pub, mixed-use building, etc.

Legal Address PID: 007-998-732 THAT PART OF FRACTIONAL SECTION 1, RANGE 11, CHEMAINUS DISTRICT, SHOWN OUTLINED IN RED ON PLAN 962R EXCEPT THAT PART IN PLAN 10190

Property Assessment (2014) $1,325,000

Property Taxes (2014) $11,892.80

Price One Million, Five Hundred Thousand Dollars ($1,500,000.00)

8119 QUEEN STREET, CROFTON, BC

2.14 Acre Waterfront Property FOR SALE > DEVELOPMENT SITE WITH HOLDING INCOME

FOR SALE > DEVELOPMENT SITE WITH HOLDING INCOME

2.14 Acre Waterfront Property 8119 QUEEN STREET, CROFTON, BC

Contact Us BRAD ARCHIBALD +1 250 740 1060 Ext. 3 [email protected] JASON WINTON +1 250 740 1060 Ext. 2 [email protected] BRAD BAILEY +1 250 740 1060 Ext. 1 [email protected] Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).