Mayne Island Waterfront Acreage for sale: (Listed 2011-10-13)

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• Property Value$7,500,000
• Property AddressArbutus Bay Estate, Mayne Island, BC, Canada
• TypeWaterfront Acreage

• Lot Size Area104 acres

Address

Arbutus Bay Estate, Mayne Island, BC, Canada

Description

The estate has low and medium bank oceanfront, with a splendid view of several other Islands as well as Navy Channel and Plumper Sound. It consists of over 100 acres of ocean front and ocean views, some of it developed into a unique, low bank harbour frontage estate, with a Government Wharf zoned already for Marina/Dock at the best natural harbour among the Southern Gulf Islands.

It also has a realistic potential for Amenity Rezoning in the near future for view lots and further oceanfront estates with market values ranging from $ 300,000.00 to $ 700,000.00 through either general rezoning because of population density increases, or by providing amenities to the Mayne Island community. Past discussions (two years ago)have included a proposal for an additional nine lot subdivision with the Islands Trust and had received approval of the Parks Commission after negotiating some parks and trails dedication.

The 3 waterfront parcels are:
Remainder SE 1/4 Section 2, Mayne Island, PID 009-626-786 which is 96.024 Acres.
Lot 1, VIP83602, PID 027-170-705 which is 2.476 Acres
Lot A, VIP80525, PID 026-594-081 which is 5.09 Acres

Because of it’s spectacular scenery and the strategic geographic position close to the three major centers of the Pacific North West, Vancouver, Victoria, and Seattle, this estate is suited also for a Coastal Golf Destination Resort with Marina, badly needed on the island. Presently held in three titles, a fourth lot may be legally created at present if subdivided from the mother parcel of approximately 96 acres (any size 4 hectares or larger and in any location).

The property lends itself well for a Co-op to be created. Call Greg for Zoning info.