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Real estate listings that caught our eye this month

A prime development site in Kitimat, student housing in Squamish, a waterfront commercial parcel on Vancouver Island and a huge farmland auction in Saskatchewan should attract western investors

As the September edition of Western Investor is delivered across Western Canada, we present some unique and interesting real estate listings that caught our eye this month.

78 acres in Kitimat

As Kitimat, B.C., prepares to open its liquefied natural gas (LNG) export terminal – the largest energy investment in Canadian history at more than $40 billion – a 78-acre development parcel has become available. About 75 per cent of the site, which has services to the lot line, is zoned industrial, but 25 per cent  is approved for residential by the City of Kitimat. “This is an excellent large-scale development opportunity” at the ground level of Canada’s nascent LNG industry, according to listing agent Rick McDaniel of Royal Lepage Aspire Realty, Terrace.  List price is $3.28 million.

Island beachfront restaurant and land

A deal fell through in August for the sale of the landmark Beachhouse Restaurant in Cordova Bay, B.C. It is now back on the market, along with its parking lots for a total of 16,752 square feet on one of the top beaches in Greater Victoria.  “This renowned site offers two side-by-side properties, one residential and one commercial, with uninterrupted marine vistas ]of Cordova Bay towards San Juan Islands,” notes Royal LePage, the listing agent. List price is $5.5 million.

Auction of 2,290 acres of Saskatchewan farmland

On September 28th at 9:00 am CST a premium assemblage of 2,290 acres of contiguous prime farmland 30 kilometers from Regina will be offered for sale via a two-hour auction hosted by Prospective buyers can view the arable acres per parcel, last three-year crop histories and other property details at Starting bids for each of the 12 parcels will range from $400,000 to $980,000.

Student housing at Squamish

When the BC NDP government backed Capilano University’s purchase of the former Quest University campus in Squamish on August 16, the $63.2-million deal did not include the four student dormitory buildings. Capilano University plans to reopen the former private university as a Capilano campus next year.  Now NAI Commercial, Vancouver, has listed the four dormitory buildings for sale. The residences total 145,928 square feet in gross built area with 416 student residential units. The offering price was not disclosed, but BC Assessment authority shows each valued at $10.7 million.