FOR Sale: - Colliers International
FOR Sale: - Colliers International
FOR Sale: - Colliers International
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<strong>FOR</strong> SALE<br />
<strong>FOR</strong> <strong>Sale</strong>:<br />
Residential Development Sites With Spectacular Views<br />
Lot 1 and Lot 2 Thetis drive “seaside acres”, ladysmith, BC<br />
COLLIERS INTERNATIONAL<br />
335 Wesley Street, Suite 207<br />
Nanaimo, BC, V9R 2T5<br />
www.colliers.com/victoria<br />
COLLIERS INTERNATIONAL<br />
1175 Douglas Street Suite 1110<br />
Victoria, BC, V8W 2E1<br />
www.colliers.com/victoria<br />
Jason Winton<br />
+1 250 740 1060 ext:2223<br />
nanaimo, BC<br />
jason.winton@colliers.com<br />
brad bailey<br />
+1 250 740 1060 ext:2222<br />
nanaimo, BC<br />
brad.bailey@colliers.com<br />
michael miller<br />
+1 250 414 8399<br />
victoria, BC<br />
michael.miller@colliers.com
Lot 1 and Lot 2 Thetis Drive, Ladysmith, BC<br />
Opportunity:<br />
<strong>Colliers</strong> <strong>International</strong> is pleased to present the sale offering of Lot<br />
1 and Lot 2, Thetis Drive, residential development sites located<br />
in Ladysmith, BC. Lot 1 comprises approximately 23.7 acres of<br />
stunning panoramic views over Ladysmith Harbour, Stuart<br />
Channel and the coastal islands. The Lot 1 offering is currently<br />
zoned Urban Residential 1, but the potential exists to rezone to R-3<br />
multifamily residential. Lot 2 is a 6 acre parcel with approved PLA<br />
in place for 25 large single family ocean view lots. Zoning for Lot 2<br />
is also Urban Residential 1.<br />
The properties are in immediate proximity to all of Ladysmith’s<br />
amenities and are situated in an area of new development, including<br />
Phase 1 of Seaside Acres.<br />
Area description:<br />
Situated on the eastern shores of Vancouver Island, the Town of<br />
Ladysmith is a growing community with a population now in excess<br />
of 8,000. Like much of the Mid Island area, Ladysmith has seen<br />
annual population growth in recent years that is higher than the BC<br />
average. The town is located just 88 km north of Victoria, and 23<br />
km south of Nanaimo.<br />
Ladysmith offers world-class outdoor recreational opportunities;<br />
shopping and amenities in the historic and quaint downtown area;<br />
and waterfront activities at pristine Transfer Beach and Ladysmith<br />
Harbour. The town has seen substantial development and a priority<br />
has been the downtown revitalization project preserving and<br />
enhancing Ladysmith’s unique history. The town is also a popular<br />
bedroom community for mid island municipalities such as Nanaimo,<br />
and Duncan just 28 km to the south. This site is positioned to take<br />
advantage of a growing population as Ladysmith continues to attract<br />
a demographic, comprised of all ages looking to capture the rare<br />
combination of lifestyle, recreational opportunities and affordability<br />
offered by this spectacular region.<br />
LOCATION:<br />
Lot 1 and Lot 2 Thetis Drive are located just west of the Island<br />
Highway on an elevated ridge affording panoramic vistas to the east<br />
and south. Surrounding properties in the immediate area include<br />
mature and new residential development and extensive undeveloped<br />
forested tracts. The site is less than 1 km to the Island Highway,<br />
Vancouver Island’s main transportation artery; just minutes from<br />
Ladysmith’s major shopping centre - Coronation Mall; 2.5 km from<br />
downtown Ladysmith; and is a short distance due west of the<br />
Ladysmith waterfront.<br />
Site information<br />
Lot 1 comprises 23.7 acres and is irregular in shape. There is steep<br />
slope from the crest of the property down from west to east toward<br />
Thetis drive. The reverse slope of the crest slopes down to the<br />
west toward local lakes and woodland. The eastern and northern<br />
boundaries of the property are bordered by new single family lots<br />
and residential home development, while the western and southern<br />
lot lines are bordered predominantly by pristine forested parkland<br />
and Heart and Stocking lakes just 1.6 kilometres to the west. The<br />
current owner has spent $370,000 on site preparation to this stage.<br />
Lot 2 is an irregular shaped parcel totalling 6 acres and comprises 25<br />
single family lots. The site is located in the NE corner of the Seaside<br />
development. The lots are generally level, with the rear portion of the<br />
western-most parcels sloping steeply upward to the west.
Lot 1 and Lot 2 Thetis Drive, Ladysmith, BC<br />
Zoning and Possible development Scenarios:<br />
Although both sites are zoned Urban Residential 1 (single family),<br />
the highest and best use for Lot 1 is likely multifamily due to the<br />
topographical nature of the parcel. Depending on topographical and<br />
zoning restrictions up to 30 townhomes and 282 condominiums<br />
could potentially be located on the site. The local municipality is<br />
open to discussion regarding density and development proposals.<br />
Lot 2 has PLA in place for 25 single family lots.<br />
Legal address:<br />
Lot 1, Plan VIP86054, District Lot 52, Oyster Land District<br />
PID: 027-765-172<br />
Offering price:<br />
Lot 1:<br />
$1,300,000<br />
(One Million, Three<br />
Hundred Thousand Dollars)<br />
Lot 2:<br />
$1,150,000<br />
(One Million, One Hundred<br />
and Fifty Thousand Dollars)<br />
Single Family Estate Home in Phase1 of Seaside Acres<br />
LOT 2<br />
LOT 1<br />
This document/email has been prepared by <strong>Colliers</strong> <strong>International</strong> for advertising and general information only. <strong>Colliers</strong> <strong>International</strong><br />
makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited<br />
to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the<br />
information. <strong>Colliers</strong> <strong>International</strong> excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this<br />
document and excludes all liability for loss and damages arising there from. <strong>Colliers</strong> <strong>International</strong> is a worldwide affiliation of independently<br />
owned and operated companies. This publication is the copyrighted property of <strong>Colliers</strong> <strong>International</strong> and /or its licensor(s). © 2010. All<br />
rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.
COLLIERS INTERNATIONAL<br />
335 Wesley Street, Suite 207<br />
Nanaimo, BC, V9R 2T5<br />
www.colliers.com/victoria<br />
COLLIERS INTERNATIONAL<br />
1175 Douglas Street Suite 1110<br />
Victoria, BC, V8W 2E1<br />
www.colliers.com/victoria<br />
LOT 2<br />
LOT 1<br />
Existing single family homes near Phase 1<br />
of Seaside Acres<br />
Jason Winton<br />
+1 250 740 1060 ext:2223<br />
nanaimo, BC<br />
jason.winton@colliers.com<br />
brad bailey<br />
+1 250 740 1060 ext:2222<br />
nanaimo, BC<br />
brad.bailey@colliers.com<br />
michael miller<br />
+1 250 414 8399<br />
victoria, BC<br />
michael.miller@colliers.com
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