3.06 Acre Development Site 925 Braidwood Road - Courtenay, BC - Ryan Road - NET
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3.06 Acre
Development Site
Braidw
ood Ro
925 Braidwood Road ad
Courtenay, BC
d
Ryan Roa
Opportunity Development Highlights
To acquire a fully entitled, strategically located seniors facility or
multifamily* development site ideally situated in the City of • Development Permit approved for a 100 unit (85 x 1-bedroom
Courtenay. The property’s locational, physical and development and 15 x 2-bedroom) care facility plus amenity space
attributes, as well as its turnkey nature for a senior’s facility, • Current R-4A – Residential Four A Zone allows for multifamily de-
represents an excellent opportunity for a developer looking to velopment with a maximum FAR of 1.33 for apartment develop-
acquire a well-located site within the growing Comox Valley. ment*
• Environmental, archeological, and geotechnical studies available
in Colliers’ virtual data room
Property Highlights • Current access to the property is from Braidwood Road
Civic Address 925 Braidwood Road, Courtenay, BC
Lot 8, Section 16, Comox District, Plan
Legal Description 6065, Except Part in Plan 1149RW,
PID: 000-408-999
3.06 acres, or 133,473 square feet, more
Site Area or less, according to McElhanney
Consulting Service Ltd.’s site plan
Current Zoning R-4A – Residential Four A Zone includes
but is not limited to the following uses:
single residential dwellings, duplex
dwellings, multi-residential dwellings,
accessory buildings and structures, home
occupation, and daycare*.
Multi Residential Market Statistics
Composite image of a computer-generated rendering of the proposed building and landscaping merged with photograph of site.
Improvements None
Current access to the property is from
Access
Braidwood Road.
*Notwithstanding the above referenced zoning and permitted uses, Section 219
Covenant CA7889996, registered on the property’s title, restricts the uses on the
CMHC Rental Apartment New Build Monthly Rental Rates
property to a Care Facility, a Community Service Facility and Accessory Commercial Vacancy
1 Bedroom
Services for the personal care and convenience of onsite residents. Colliers
recommends prospective purchasers contact the City of Courtenay directly to
(Oct 2020) = 1.0% $1,300 - $1,500
determine if this covenant can be removed from the property’s title.
2 Bedroom
$1,550 - $1,750
Location
Strategically located in the commercial core of the
City of Courtenay, the property is in immediate
proximity to Courtenay’s commercial/retail centres
and a variety of major amenities such as North Island
College, Lewis Park, Simms Millennium Park, Costco,
Ry
Home Depot, Comox Valley Aquatic Centre, Comox
oad
an
Ro Valley Airport, and the Crown Isle Resort & Golf
od R
ad
Community. The location provides for excellent
dwo
yN access to Highway 19A and Ryan Road - one of the
wa
B ra i
H igh
Isl and main traffic arterials to the Town of Comox, North
Comox Valley
RCMP Detachment Island College, North Island Hospital and the Comox
Valley Airport. With a current population of
approximately 26,000, Courtenay is in the top ten of
the Province of BC’s fastest growing communities.
Old Island Ro
ad
Seniors Statistics
Courtenay/Comox Inventory
Demographics Dec. Forceast
Courtenay/ 2020 Dec.2021
3KM 5KM 10KM
Comox Funded LTC 308 428
Population 23,227 38,854 68,329 55,413 Private -pay LTC 46 46
Population 8,267.9 15,101.6 22,392.6 Total LTC 354 474
(Male & Female 55+) (42.0%) (41.9%) (41.7%)
Private-pay AL (Unlicensed) 100 100
Population 690.5 5,244.8 9,466 Private-pay IL 221 304
(Male & Female 65+) (26.6%) (26.3%) (25.4%)
Private-pay IL/AL (Unlicensed) 321 404
Households 10,577 17,576 25,966 25,109
Funded AL (Unlicensed) 84 84
Average Household Income $81,101 $85,793 $90,666 $89,635 Total IL/AL (Unlicensed) 443 488
Costco
Home Depot
Mount Washington Crown Isle Shopping Centre
Apline Resort North Island College
6 Minutes
32 Minutes 5 Minutes
Comox Valley Air-
North Island Hospital
port & CFB Comox
925 5 Minutes
Crown Isle Resort & 9 Minutes
Braidwood
Golf Community
Road
3 Minutes
Courtenay Recreation Asking Price
Lewis Centre
$4,275,000
5 Minutes
Downtown Courtenay
6 Minutes Michael Miller
Executive Vice President
+1 250 414 8399
Offering Process michael.miller@colliers.com
Timeline Brandon Selina
Prospective purchasers are encouraged to submit offers through Colliers for consideration by the vendor. Associate Vice President
+1 250 414 8379
brandon.selina@colliers.com
To allow interested parties to review the extensive information in Colliers’ virtual data room, offers
will be reviewed anytime after: April 28th, 2021 | 9:00 a.m. PST. Brad Archibald
Associate Vice President
To receive access to Colliers’ virtual data room containing detailed information on this offering, interested +1 778 690 2090
parties are required to execute and return the Confidentiality Agreement and Disclosure documents to the brad.archibald@colliers.com
listing agents.
1175 Douglas Street, Suite 1110 This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees,
Victoria, BC representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and
V8W 2E1 Canada reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all
P: +1 250 388 6454 inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This
F: +1 250 382 3564 publication is the copyrighted property of Colliers International and /or its licensor(s). © 2021. All rights reserved. This communication is not intended to
cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc.
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