Lot for sale

Lot 10 Reid Isl, Gulf Islands

$325,000 or
$325,000 or

Lot for sale

Lot 10 Reid Isl, Gulf Islands

Features

Lifestyle
954530 325000 /en/lot~for-sale~gulf-islands/954530?view=Summary /en/lot~for-sale~gulf-islands/954530/photos 49.0025500000 -123.6221800000 true
Lot Size
155,509 sqft
Gross Property Tax
$901 /year
Zoning
R-2
View
Ocean
Additional Features
Acreage, Quiet Area, Rural Setting

Description

Oceanfront acreage in the southern Gulf Islands. Reid Island is situated in Trincomali Channel, between Thetis Island and Valdes Island. This property is on the NE shoreline, taking in views to the north across Valdes Island and to the east through Porlier Pass. The mainland mountains provide a distant backdrop. Nicely treed with mostly conifers, this is a beautiful, natural setting. The 3.5 acre property is wedge-shaped, with approx. 487ft of ocean frontage. The current structure sits in a small clearing on a grassy rock bluff just up from the shoreline. This is an off-grid property, and there are no services, however there is good cell reception. A moorage buoy would be possible out front of the property. Access to and from the oceanfront is reasonably easy. The current owners started a cabin several years ago that never progressed past the shell stage. What currently exists are the beginnings of an appealing structure on a solid foundation. There is an expansive deck across the front of the home and down the western side. The property is zoned through the Islands Trust, which governs most of the Gulf Islands. The residential (R2) zoning permits one dwelling per lot, plus additional outbuildings or accessory buildings. There is a building permit process requirement with the Cowichan Valley Regional District. There were no permits issued for the current building shell, as well as no registration with BC Housing’s warranty program. Both agencies have been contacted and buyers need to be aware that BC Housing will require registration by the new owner with the BC Housing warranty program. A Letter of Acknowledgement from BC Housing will be provided to interested parties. Given the current status, this presents a unique opportunity for someone who wishes to follow through on the completion of this project. The two main access points are Chemainus or Crofton, both of which offer boat launch facilities.
MLS® Number 954530

Listing REALTORS®

Shelley Mckay, REALTOR<sup>®</sup>

Shelley Mckay

REALTOR®

Royal LePage Advance Realty

Ed Handja, REALTOR<sup>®</sup>

Ed Handja

REALTOR®

Royal LePage Advance Realty

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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