Court-ordered sale moves 397 acres on B.C.'s Sunshine Coast

Huge site of failed residential-resort development purchased for $15 million by shíshálh [Sechelt] Nation

By
for Western Investor
February 11, 2020





DD Sechelt Lands

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.

Breakdown:

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


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