Commercial timberland spread out over 2,564 hectares on Texada Island has sold for $19.4 million, Freddy Marks of Sutton West Coast Realty reports.
The property is within the agricultural land reserve and offers a very well-managed, mature forest resource on a stocked, productive site about 120 km northwest of Vancouver. The property also includes three quarters of private Cranby Lake waterfront.
The property package is located across Texada Island.
Breakdown:
Price: $19,379,000
Lot Size: 6,327 acres
Property Type: Land
Zoning: ALR
2016 B.C. Assessment Value: $100,000
Date of Sale: 09/15/2017
Area: Texada Island
Province: B.C.
Name of Brokerage: Sutton West Coast Realty Harrison Hot Springs
Name of Vendor: Texada Island Forest Reserve Ltd.
Name of Buyer: Selkirk Mountain Forest Ltd.
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