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136 acres on Vancouver Island sells for $10.25 million

Land at Mill Bay, 30 kilometres north of Victoria, B.C., has local designation as a future mixed-use development.
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Royal LePage, Coast Capital Realty, Victoria, for Western Investor

Property type: Development land

Location: 1 Trans-Canada Highway, Mill Bay, B.C.

Land size: 5,928,516 square feet

Size of land in acres: 136 acres

Zoning: CD7 (Local designation for mixed-use development)

List price: $14.8 million

Sale price: $10.25 million

Date of sale: March 31, 2022 (closing date)

Brokers: Sotheby’s International Realty, Victoria, B.C.; Royal LePage, Coast Capital Realty, RLP Commercial, Victoria, B.C.

Listing agent: Constantine Popa., Sotheby’s International Realty.  Buyer’s agent: Sandy Clark and Sean Janzer, Royal LePage, Coast Capital Realty, RLP Commercial.