First time offering of a 108-title revenue-producing real estate portfolio of commercial, industrial, agricultural, timber, natural resource, residential and development lands acquired over two generations of family ownership.
LandQuest® Realty Corporation is pleased and excited to present the first time offering of a diverse commercial, industrial, agricultural and resource real estate portfolio that has been assembled by two generations of private family ownership over a 60-year period.
Totaling 10,910 acres of fee simple land in 108 titles, these properties are comprised of revenue-producing commercial and agricultural properties, strategic residential development sites, industrial, timber and resource land.
The revenue-producing properties make up a small percentage of the portfolio, but in 2015 they provided a 3.46% ROI per annum on the entire portfolio, making this offering truly exceptional.
The entire portfolio is offered for sale only as a single offering and on an "as is where is" basis. It is priced to provide significant upside for the buyer as the values of each of the component pieces are realized.
Campbell River - Vancouver Island, BC
Campbell River has a population base of approximately 36,000 and its steady growth is spurred by the success of the Comox International Airport. Daily direct flights from Calgary, Vancouver and Edmonton make this Vancouver Island Region a super-attractive and easy place to live and play. Campbell River also has its own airport and multiple seaplane and helicopter facilities.
The $600,000,000 North Island Hospital project was completed late 2017 and includes new hospitals in both Campbell River and Courtenay.
BC Hydro’s $1,093,000,000 John Hart generating station replacement project, which will ensure a reliable power source to Vancouver Island, is projected to be completed in 2018/2019.
The Comox Valley, with a current population estimated at 65,000 and growing, is one of the fastest growing communities on Vancouver Island, with superb quality of life.
In recent years growth has been largely due to the development of Comox International Airport with Air Canada, West Jet and Pacific Coastal Airlines offering daily flights from Vancouver, Calgary and Edmonton and an extensive network of destinations to over 5 continents. Easy access from Alberta has made the area a very popular destination for Albertans looking for recreational and residential properties.
Mount Washington Ski Hill is under new ownership and will be a major attraction for the region.
The growth of the area is assured with large box retailers including Costco, Home Depot, Walmart, Canadian Tire and Real Canadian Super Store already in place.
This is the largest producing cranberry farm in Oregon for Ocean Spray. The farm has a good location with easy access to Highway 101 in the South Coast region. The farm has 39.68 acres of mature Pilgrim Vines, 7.16 acres of immature Pilgrim Vines and 127.46 acres of mature Stevens Vines. Sea Wind Cranberry Farms is in the “A” pool side of Ocean Spray which provides a solid market and financial stability.
All equipment and infrastructure needed for growing cranberries is in place. The irrigation is fully automated; frost sensors automatically turn sprinklers on to protect the berries from frost.
Important perfected legal water and irrigation rights totaling 730 acre-feet under 10 separate permits are in place.
There is a regional airport adjacent to the farm and it is also very close to Bandon Dunes (five different courses) ranked the top golf resort in the United States.
Black Creek is located near the base of Mount Washington Ski Resort only 21 km from Courtenay and 33 km from Campbell River. Black Creek is an increasingly popular region for country living with close proximity to the city center of Courtenay/Comox. The area has a large agricultural base and is home to large working farms and smaller hobby farm acreages. Saratoga/Miracle Beach is a small community that provides services and mixed housing options to the immediate area. These properties are adjacent to Miracle Beach Provincial Park.
The Oyster River area is in a strategic rural location in-between Courtenay and Campbell River. The Oyster River area is home to the rural communities of Saratoga and Miracle Beach and within close proximity to Strathcona Park and Mt Washington Ski Resort.
With the anticipated future population growth of Courtenay and Campbell River, this large land holding will benefit from the impact as Oyster River is only a 20-25 minute drive to either town from the Inland Island Highway and offers the potential for rural living on larger acreages.
Royston - Vancouver Island, BC
Royston is a small seaside rural community which is part of the greater Comox Valley region. It is situated next to the Trent River, across the harbour from Comox and just southeast of the municipal boundary of Courtenay. Royston is home to just over 1,200 people.
Quadra Island, only 10 minutes by ferry from Campbell River, is the largest and most populated of the Discovery Islands with 4,000 permanent residents. It is a popular tourist destination offering world-class fishing, hiking, diving and kayaking, and is a popular moorage site for boaters.
The remaining upland properties are probably best held for forestry use; however, the sale of these can be achieved or incorporated into the waterfront development.
The 11 parcels of 10± acres at Twin Bay include five oceanfront and six upland residential or recreational properties that could be offered for sale immediately.
Most of the land is zoned F1 Forestry. Under the current zoning, one single family dwelling and accessory buildings are permitted per property. Subdivision is permitted into minimum parcel sizes of 40 acres. If some or all of the properties were rezoned to RU1 this would allow for 9.88 acre minimum parcel sizes and allow for two single family dwellings per property.
Read Island, despite having a population of only 50± permanent residents, has a government dock, post office, general store, coffee shops, school, accommodation, community hall and various farms that provide local produce. This island is popular for seasonal vacation properties with excellent salmon fishing, boating, kayaking and the off-grid lifestyle.
Denman Island - Vancouver Island, BC
Denman Island has about 1,000 year-round residents and is home to three provincial parks. Further expansion of the parks is included in the “Denman Island parks and greenways master plan.” The Buckley Bay Denman Island Cable Ferry opened in 2016 increasing accessibility to the island. Recent improvements near the community docks included restaurants, local attractions and accommodations.
Timber and Gravel Resources
There are properties within the portfolio that have been identified to have gravel resources. These resources are largely unexplored. Currently, there are two areas that are leased to gravel pit operations. One is a small operation in Oyster River and the other is a larger operation at Browns River.
It is the buyer’s responsibility to determine the quantity and quality of both timber and gravel resources.
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|Please see the mapping section - all boundaries are approximate
Additional mapping, photos and zoning maps available - please contact Listing Broker
Buyers should verify any information provided that is important to them to their sole satisfaction. Our best efforts have been made to provide the most current and accurate information from sources believed to be reliable.