689 FRAYNE MILL BAY

Mill Bay neighbourhood of Malahat British Columbia Canada V0R 2P4
$1,500,000

689 FRAYNE MILL BAY

  • Price: $1,500,000
  • MLS Number: 891177
  • Property Type: Residential

Development property with 3 road frontages and excellent frontage on the Trans Canada Highway, steps to Mill Bay Village surrounded by ocean view homes and neighbouring a motel. The approximately 2.97 acre site is currently zoned residential, designated Village Residential in the OCP providing for various multi-family, affordable housing or senior care site. There is a drilled well with approximately 30 GPM and may provide potential to connect to the Mill Bay Waterworks upon application and approval. There is a PLA underway close to final approval for subdivision to 2 lots, the lot is is cleared, perk tested and ready to go. Gently sloping to the east it yields some lovely ocean, Island and coastal mountain views. A perfect opportunity in the very popular and rapidly growing Mill Bay area currently enjoying extensive development.

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