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REALTORS®, Victoria, BC

Residential Property in Malahat & Area

$4,999,900

1875 Sooke Lake Rd
MLS® NO: 882167

Description

Active gravel mining operation well located close to Victoria. 55 acres with approximately 6 to 7 million tons of high-quality aggregate to be mined, crushed, and sold. Current operator can stay, or the new owner may wish to operate on their own. All mining permits in place and the current lease agreement returns a revenue of $1.50 per tonne to the landowners with a minimum monthly quota to be met by the operator. Additional revenue can be generated as the property is an approved fill site. Current owners believe there is an opportunity to apply for rezoning, potentially to an industrial use. Contact the LS for further details on the permits, lease agreement, geological studies etc. Creative financing may be available to the right Buyers.

General

Property Type:Land
Title of Ownership:District Lot 89, Malahat Land District, PT= N 80 AC EX PCLS C & D & CNR SRW TF 19 PARENT FOLIO 765-11922.000
Taxes:$3,873
Tax Year:2020

Site Influences

Lot SqFt: 2,395,800
Acres: 55.00
Water: None
Waste: None
Parking: None

Property Details

Beds: 0
Baths: 0
Sq. Feet:
Year Built:
Property Type: Land
Municipality: Malahat & Area

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This is only a guide. Please verify this information with your mortgage specialist.
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Listed with:

Michael McMullen
RE/MAX Camosun

Tammy Marcoux
RE/MAX Camosun
Phone: 250-881-8225