Island For Sale in Cedar, BC (2811 Ritten Rd) - $3,200,000


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Island / Acreage / Land / Recreational Property / Waterfront Property For Sale in Cedar, BC

Main Features

53 acres Lot Size

The Basics

  • Price: $3,200,000
  • Property Type: Island / Acreage / Land / Recreational Property / Waterfront Property
  • Ad Type: For Sale
  • Listing ID: 172766

Location

  • Address: 2811 Ritten Rd
  • Neighbourhood: Yellow Point
  • City: Cedar
  • Province/State: British Columbia
  • Postal/ZIP Code: V9X 1W4
  • Country: Canada
Property Description
Map Location
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One of the few pristine natural habitats left in the rural area surrounding the city of Nanaimo, quennell lake is a sought after place for those seeking peace, tranquility and nature within convenient range of the city (15 minute drive). The lake also supports float planes for access. This island is in the center of that lake and one of the few remaining properties in the area with a mature forest still hosting old growth trees. The island is a unique development opportunity for an entity with resources to establish a resort or private estate with extreme privacy. If a satisfactory price can be offered for the whole island it will be considered first. If the island is not sold as one, it will be split into 5 acre subdivisions and anyone interested in such a subdivision can contact us for more details. Undeveloped 5 acre waterfront parcels on this lake have been government assessed at near $600,000 and 5 acre developed parcels of land have been assessed at over $700,000. This island is in the rural 4 zone and can be subdivided into 10. On the mainland, along one side of the island is a string of large residential properties nestled in the trees. The other side of the island borders a treed peninsula with nothing but natural habitat and no homes. There is an existing road that supports vehicles running down the middle of the island and vehicles and machinery are able to reach the island over a barge that is brought from an accessway on the east side of the island. If a structure is built on the east side of the island, BC Hydro is obligated to bring electricity to the property line from the accessway, which is only ~300 feet across the lake. There are also plenty of appropriate locations for solar and wind power on the island. Water springs fed by ground water have been located in several places and have been used for water sources. There are two septic systems already installed and used by summer cabins on this island which were dug by heavy machinery. There likely will be other land purchasing opportunities on the mainland side in the not too distant future. The island has remained under the same ownership for the last ~50 years and used primarily as a recreational getaway but owners are looking to downsize. More photos are soon to come.

Approximate Map Location*

2811 Ritten Rd, Cedar, British Columbia, Canada   V9X 1W4

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* Each seller is responsible for ensuring that their map location is accurate. Please contact the seller directly if you have any questions.

This property for sale has been tagged by the seller as close to Chemainus, Duncan, Ladysmith, Lake Cowichan, Lantzville, Nanaimo, Parksville, Salt Spring Island, British Columbia.
Seller Name: John Holmgren
Contact this Seller at 250-580-8147
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