Overview
Boat Harbour Marina, Near Nanaimo , BC
MLS#:Listing Overview
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- Property Value$11,000,000
- Property AddressBoat Harbour Marina, Near Nanaimo , BC, Canada
- TypeMarina Development
Cedar Address
Boat Harbour Marina, Near Nanaimo , BC, Canada
Description
51 acre deeded water lot marina. Yes, you own the water lot! Not a Foreshore Lease. Allows sale of prepaid leases on slips. 140 slip marina - room for significant expansion. Includes 260 acres of development land 20 mins to Downtown Nanaimo. First time offering
Boat Harbour Marina includes a 51 acre deeded water lot Marina and surrounding 260 acres of prime development land with an impressive 2.1 km of ocean frontage. There are 10 titles of land currently zoned RU-4, permitting subdivision into 5 acre minimum average parcel sizes. The 2011 Government tax assessed value of the 10 included acreages and water lot total $12,794,000. What makes this opportunity rare and highly sought after is the water lot. The 51 acre Water Lot is a deeded piece of property that you own and hold title too opposed to the most common way to occupy land submerged by water, a licensed occupation of the foreshore leased from the Crown. Commonly known as a Foreshore Lease. This offering is one of the most exciting development opportunities we have every come across on the entire South West of British Columbia. Marina There are very few deeded water lots on the entire coast of British Columbia and the location, 20 minutes south of Nanaimo is paramount. Only a small portion of the 51 acre water lot is developed containing a 140 slip Marina. Significant expansion could be accomplished catering to larger vessels. Because you own the Water Lot, you have the ability to sell renewable prepaid long term leases or outright sell moorage space giving slip owners the ability to assign or outright sell their interest. This type of structuring is the most sought after because the boat owner has long term security and most importantly an asset that can be sold which will likely appreciate in value opposed to paying monthly rental fees for moorage space which is most common in Marina’s. Marina space on the South West Coast is very limited for larger vessels making monthly slip rates expensive; thus, creating a very strong market for long term leases or slip sales. Given the lack of supply and the large and increasing demand for moorage space on the South West Coast any development at Boat Harbour would be very marketable with huge potential. The zoning for this water lot is Water 2 (WA-2), which allows for boat ramp, Marina sales, Marina and outdoor recreation use. For every two marina slips you must have one parking spot available. There is ample land providing multiple options for additional parking. Boat Harbour marina is in a great location as it is easily accessible to a wide variety of markets. Not only the bustling City of Nanaimo, Boat Harbour is only minutes away from the gate way to Central Vancouver Island, the Nanaimo Regional Airport which has regular flights daily to Vancouver, Abbotsford and Victoria. Boat Harbour could be a cost effective alternative to the very expensive Vancouver and Victoria marinas. Please contact us in regards marina expansion plans and details on potential slip sales. The 51 Acres water lot is sheltered from the predominant South East and North West winds. Kanery Cove located at the Back of Boat Harbour is tidal but since you own the water lot you can make application to either dredge or infill some or all of this area pending governmental approvals. Land (Please view aerial photo in map section to relate acreage 1-10 to location) This offering is comprised of ten (10) legal parcels of vacant rural land totaling 260.03 acres. The 10 contiguous parcels are bordered to the west by Holden Lake and the Hemer Provincial Park and to the East by the Strait of Georgia. The zoning for all of these 10 parcels is Rural 4, (RU-4) which allows for 1 unit per 5 acres. Road access needs to be improved to some of these parcels with a few different access options available. The Coastal portions of these properties are within the Environmentally Sensitive Features Development Permit Area (coastal protection and sensitive ecosystem protection) and the balance is located within the Yellow Point Aquifer Protection Development Permit Area. 1) 40.5 Acres Oceanfront - 1954 Shasta Road - $4,077,000 2011 Tax Assessed Value This is a stunning property with approximately 1033ft of ocean frontage. The entire property is very flat and useable with beautiful trees near the ocean. There is road access to the property and power to the property line. Currently there is a Preliminary Layout approval for the subdivision of this property. The PLA allows for the subdivision of 7 lots. The views from the oceanfront are spectacular and the surrounding homes in the neighbourhood are impressive. Contact us for information on subdivision potential and market value of 5 acre oceanfront lots in the surrounding area. 2) 4.28 Acres - Lot A Holden Corso Road - $249,000 2011 BC Tax Assessment 3) 4.28 Acres - Lot B Holden Corso Road - $249,000 2011 BC Tax Assessment Both of these properties are inland acreages that have frontages on both Holden Corso Road and Headland Road. Given the RU-4 Zoning with 5 acre minimum average acreage size they cannot be subdivided further. They could be sold off in their current sate as rural residential acreages. 4) 88 Acres - Sec 12 Holden Corso Road - $1,453,000 2011 BC Tax Assessment 5) 54.55 Acres - Lot 1 Tiesu Road - $809,000 2011 BC Tax Assessment 6) 43.32 Acres - Section 11 Ingram Road - $615,000 2011 BC Tax Assessment The 88 and 54.55 acre properties include frontage onto Holden Lake with the 88 acre parcel backing onto Hemer Provincial Park. The 88 Acre parcel has both lake and ocean views from different locations on the property. Holden Corso Road runs along a portion of the 88 acre property. These three properties could potentially be subdivided as RU-4 Zoning allows for 5 acre minimum parcel sizes. Access would have to be improved from Holden Corso Rd onto the 88 acre parcel running through to the 54.55 and 43.32 acre parcels. 7) 2.85 Acres - Parcel A Ingram Road - $403,000 2011 BC Tax Assessment This property has an approximate 570 ft of ocean frontage and is located at the back North side of Kanary Cove within Boat Harbour. Given its size it could not be subdivided further but is valuable as it may be used as access to the additional 5 acre property along Kanary Cove and the 5 acre property on the point of boat harbour. 8) 13 Acres - Lot 1 3096 Ingram Road - $1,743,000 2011 BC Tax Assessment Located on the South side of Kanery Cove this property is accessed by Ingram Road. It includes an approximate 1,886 ft of ocean frontage on Kanery Cove. Given its RU-4 Zoning it may be subdivided into two parcels. This property may also be used as an access point to the 5 acre Kanery Cove property and 4.25 acre point property. 9) 5 Acres - Parcel B Plan DD6975N - $1,313,000 2011 BC Tax Assessment This property is located on the North Side of Kanery Cove and has an approximate ocean frontage of 1387 ft in the Cove and 377 ft of stunning beach front in Boat Harbour. 10) 4.25 Acres - Section 30 - $1,150,000 2011 BC Tax Assessment With approximately 1,669 ft of ocean frontage this beautiful property includes an entire point within Boat Harbour. It has a large amount of useable land that provides stunning views of Boat Harbour and the surrounding Gulf Islands. Total |
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| Location : | This exciting opportunity is just 20 minutes South of Nanaimo and only 5 km’s from the community services of Cedar. Access to Vancouver via Duke Point Ferry is just 10 minutes from Boat Harbour, Victoria within 1 hour. | ||
| Improvements : | Marina with 140 boat slips | ||
| History : | Cedar, BC The settlement was named because of the profusion of Western Red Cedar (Thuja plicata) trees in its vicinity. Cedar as a settlement certainly existed prior to 1888, as on April 1st of that year a post office was opened. Coal was mined around the area until the 1960’s, when the last mine of the hub area, in Comox, closed. The mine areas of the day were Extension, Morden, Cedar, Wellington, Yellow Point, South Wellington, Ladysmith, Miner’s Park, Gabriola, Cinnabar, Lantzville, Harewood, Jingle Pot, Newcastle, and the like. Morden Mine colliery site (PCCM) is now a heritage site with the cement pithead still looming in the trees. Many of the mine shafts traveled far out under the ocean and are largely filled with sea water today. For more information on the mining on Vancouver Island there is a book you can purchase called “Boss Whistle” which details the stories of the miners and how the mines affected their lives. Nanaimo city and its area is very rich in history and although not a technical ‘ghost town’, its outlying unoccupied area’s have become ghosts. The town has an unusual history, with a somewhat unsavoury past. There is an infamous story of the mystical rake Brother Seven (Edward Arthur Wilson) and his New Age cult in the early 1900s living on DeCourcy Island and Reid Islands, just outside of Cedar. The scandals that arose from his Aquarian Foundation settlement have led to comparisons with Rasputin, scientologist L. Ron Hubbard and Jamestown fanatic Jim Jones. Today, the town consists of a corner store, liquor store, pub and gas station and is mostly farms and cottages, though this is unfortunately changing with new developments popping up as the nearby city of Nanaimo expands. |
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| Zoning : | Land All Land components have a RU-4 Zoning permitting subdivision into 5 acre minimum average acreage sizes. Water Lot The zoning for this water lot is Water 2 (WA-2), which allows for boat ramp, Marina sales, Marina and outdoor recreation use. |
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| Legal : | CLICK HERE to see the legal descriptions in pdf format | ||
| Listing # : | 11418 |
- Jamie & Jason Zroback
- Mobile: 1-(604) 483-1605
- Office Phone: 604-694-7626
- Toll-free: 1-866-558-5263
- Fax: 1-(604) 485-4046
- Email: sales@bclandpro.com
- LandQuest Realty Corp
- # 101 - 313 Sixth Street
- New Westminster, BC
- V3l 3A7