A 396.8-acre site of a failed residential-resort development on the Sunshine Coast has been sold to shíshálh [Sechelt] Nation for $15 million, $8 million under its asking price, reports NAI Commercial.
Type of property: Land
Location: 6583-6777 Sechelt Inlet Road, Sechelt, B.C.
Size of land: 396.85 acres
Zoning: C13 (residential, golf course)
Type of transaction: Court-ordered sale (foreclosure)
Asking price prior to foreclosure: $23 million
Order for Conduct of Sale list: $13.98 million
Sale price: $15 million
Buyer: shíshálh [Sechelt] Nation
Brokerage: NAI Commercial, Vancouver
Brokers: J.D. Murray and Gary Haukeland of NAI Commercial; Chris Moore, Crosby Moore Real Estate