3850 Yellow Point Rd

Rare Ocean Front Development Opportunity in final stage of subdivision process. Set in a picturesque Yellow Point setting, this extraordinary 102-acre ocean front property offers a rare blend of privacy, natural beauty, and investment potential. The proposed seven-lot subdivision is in the final stage of approval, consisting of 6 new lots, each serviced with a registered well, proof of septic areas, Hydro and cable at the street and a remainder property, lot 7. The 6 lots range in area from 5 to 29 acres, totaling 64 acres, with the remaining waterfront 38 acres, for a total of 102 acres. The CVRD, First Nations, and MoTT requirements, including road construction, have been completed and approved with the subdivision pending registration at the Land Title Office following paving. The remaining 38 acre property, lot 7, has the potential to create a further 6-lot subdivision. The subdivision application for an additional 6 lots or phase 3 has been submitted and the Archeological, Enviro and survey requirements have been completed. This creates an outstanding opportunity and a legacy property. Featuring a diverse landscape of sun-drenched meadows, mature forested areas, ponds, creeks, sandstone outcroppings, and select ocean frontage, creating a truly remarkable West Coast environment. Ideally located in a peaceful rural area between Ladysmith and Nanaimo. This one-of-a-kind offering presents an exceptional opportunity to create a very desirable investment opportunity or build a private residence immersed in nature. Zoned A2. The property boasts varied topography and significant potential for a range of agricultural or lifestyle uses. An existing two-bedroom cottage provides accommodation while you plan and develop the property. The land is well-serviced with 8 drilled wells, several producing excellent water. A main access road is already in place to support development. Very accessible to airport and BC ferries at Duke Point and an easy drive to Victoria (id:67197)

Price

$4,900,000

Property Type

Single Family

Transaction Type

For sale

Bedrooms

2

Bathrooms

2

Parking

10

MLS® Number

1046989

Interior Size

850 sqft

Ownership Type

Freehold

Building Type

House

Architectural Style

Cottage, Cabin

Bathrooms

2

Cooling

None

Fireplace

Yes

Fireplaces

1

Heating Fuel

Wood

Heating

Baseboard heaters

Interior Size

850 sqft

Size Total

102.15 ac

Acreage

Yes

• Acreage
• Park setting
• Private setting
• Southern exposure
• Other

Ownership Type

Freehold

Zoning Type

Agricultural