For Sale
| ±136.15 ac
Development Land, Multifamily
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JBW Commercial is pleased to present Ocean Terrace, a +/- 136 acre mixed use comprehensive development opportunity in Mill Bay, BC. The subject property is currently zoned CD-7, Comprehensive Development, with recent significant progressions toward procuring access to water, sewer, and eventual MOTI subdivision application and access agreement.
Zoned CD-7, Comprehensive Development, the allowable density at present is up to 468 residential units, not including attached suites, a minimum of 165 multifamily dwelling units, and commercial uses up to 1.4 Ha. Ocean Terrace is well positioned to tie into a recently approved water license infrastructure project with the Malahat First Nation.
Prospective purchasers may gain access the virtual data room by way of a signed Confidentiality Agreement.
Strategically positioned just 30 minutes north of Victoria and a short drive south of Duncan, this elevated site offers sweeping ocean views, proximity to local amenities, and convenient access to the Trans-Canada Highway. Surrounded by natural beauty and a rapidly expanding residential base, Ocean Terrace is ideally suited for a thoughtfully planned community that blends residential, commercial, and recreational components.
Located within the Cowichan Valley Regional District, Mill Bay is experiencing sustained population growth driven by its desirable coastal setting, community charm, and commuter accessibility to Greater Victoria. This makes Ocean Terrace a highly attractive opportunity for developers looking to capitalize on southern Vancouver Island’s strong market fundamentals and long-term growth trajectory.
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