Address

2950 Elm St, Chemainus, BC

Price

$7,955,000

Property Description

Comprehensive 26.46-acre development site (14.31 acres net after park dedication), partially serviced and zoned CD6 Chemainus Artisan Village for multifamily and mixed commercial-residential uses. The proposed PLA envisions a 2 phase (3 and 3) 6 - lot fee simple subdivision - having 4-5 multi-family lots and 1-2 mixed-use lots - with the remainder dedicated to parkland, including Askew Creek/Hermit Park trail dedication. Chemainus is a vibrant oceanside Cowichan Valley community celebrated for theatre, artisan shops, murals, scenic trails, beaches, golf and is a popular retirement community on Vancouver Island. Cafés, restaurants and other amenities are a short walking distance to the site, with convenient proximity to local airports, ferry terminals and hospitals. This development supports aging-in-place, providing retirees with suitable housing to stay in the community. Vendor financing (1st mortgage only) available up to 60%, subject to seller terms and approval.