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5737 Highway Island S 17.52 - 515.59 Acre Commercial Land Lots in Courtenay, BC V9N 9S2
INVESTMENT HIGHLIGHTS
- Fully rezoned ±700-acre master-planned community site.
- Waterfront and hillside parcels with panoramic ocean and mountain views.
- Located in Comox Valley, one of Canada’s fastest-growing regions.
- Approved for over 2,800 residential units and 188-berth marina.
- Eligible for Managed Forest Land designation with tax and timber benefits.
EXECUTIVE SUMMARY
With panoramic views of Baynes Sound, the Cascade Mountains, and Vancouver Island’s ranges, this site offers a compelling blend of natural beauty, development readiness, and long-term growth potential in one of Canada’s fastest-growing regions.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 4 | Proposed Use | |
| Property Type | Land | Total Lot Size | 685.55 AC |
| Zoning | MUCR - (Mixed-Use Commercial Residential) | ||
| Sale Type | Investment |
| No. Lots | 4 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 685.55 AC |
| Zoning | MUCR - (Mixed-Use Commercial Residential) |
4 LOTS AVAILABLE
Lot CDA-1
| Lot Size | 515.59 AC |
| Lot Size | 515.59 AC |
515.59 - 570.07 acres of raw, waterfront GCR (Golf Course Residential)-zoned land for development.
Lot CDA-3
| Lot Size | 17.52 AC |
| Lot Size | 17.52 AC |
16.58 - 17.52 acres of raw, MUCR (Mixed-Use Commercial Residential)-zoned land for development.
Lot CDA-4
| Lot Size | 126.49 AC |
| Lot Size | 126.49 AC |
98.5 - 126.49 acres of raw, MR (Mixed Residential)-zoned land for development.
Lot CDA-5
| Lot Size | 25.95 AC |
| Lot Size | 25.95 AC |
25.95 acres of raw, MRI (Mixed Residential/ Institutional)-zoned land for development.
DESCRIPTION
The site is anchored by a 2017-approved Master Development Agreement (MDA) that envisions a vibrant, multi-phase community with over 2,800 residential units, a 188-berth marina, hotel and spa, golf course, commercial and institutional uses, and over 160 acres of green space. CDA-3, a waterfront parcel, is designated as the mixed-use core and marina hub, while CDA-1 spans hillside and waterfront segments with zoning for residential, institutional, and resort accommodations. CDA-4 and CDA-5 offer additional residential and institutional development potential, with proximity to the marina and core amenities. The property benefits from partial servicing and is poised to connect to the Comox Valley Sewer Extension South Project, which received $30 million in provincial funding and is scheduled for completion by 2028. Additionally, parcels CDA-1 and CDA-4 may qualify for BC’s Private Managed Forest Land designation, offering tax incentives and timber revenue opportunities.
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5737 Highway Island S
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