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5737 Highway Island S 17.52 - 515.59 Acre Commercial Land Lots in Courtenay, BC V9N 9S2
Investment Highlights
- 700± acres of waterfront and hillside land with approved master plan and zoning
- Designations include golf, marina, commercial, and lifestyle amenities
- Excellent connectivity via Highway 19A and proximity to airports and ferry terminals
- Multi-phase community opportunity featuring residential, mixed-use, and resort components
- Panoramic views of Baynes Sound, Vancouver Island mountains, and Cascade ranges
- Potential eligibility for Managed Forest Land program offering tax savings and revenue stream
Executive Summary
The property features sweeping 360-degree views of Baynes Sound and surrounding mountain ranges, making it an attractive lifestyle destination. With comprehensive zoning and servicing plans in place, this offering benefits from a unique approval structure, extensive frontage, and designation that includes opportunities for managed forest status—unlocking tax incentives and timber revenue potential. Located between Courtenay/Comox and Nanaimo, Union Bay enjoys excellent connectivity via Island Highway and regional airports, with easy access to Vancouver, Victoria, and the mainland. This rare development-scale landholding is ideally situated for long-term growth in one of the fastest-growing regions of Canada.
Property Facts
4 Lots Available
Lot CDA-1
| Lot Size | 515.59 AC |
| Lot Size | 515.59 AC |
CBRE has been engaged via Court-Order Conduct of Sale to offer the sale of approximately 656-740 acres* of land in Union Bay, British Columbia (the “Development Lands”)
Lot CDA-3
| Lot Size | 17.52 AC |
| Lot Size | 17.52 AC |
CBRE has been engaged via Court-Order Conduct of Sale to offer the sale of approximately 656-740 acres* of land in Union Bay, British Columbia (the “Development Lands”)
Lot CDA-4
| Lot Size | 126.49 AC |
| Lot Size | 126.49 AC |
CBRE has been engaged via Court-Order Conduct of Sale to offer the sale of approximately 656-740 acres* of land in Union Bay, British Columbia (the “Development Lands”)
Lot CDA-5
| Lot Size | 25.95 AC |
| Lot Size | 25.95 AC |
CBRE has been engaged via Court-Order Conduct of Sale to offer the sale of approximately 656-740 acres* of land in Union Bay, British Columbia (the “Development Lands”).
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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