Located on Quadra Island, the Chonat Bay property is possibly the portfolio's best purchase opportunity. Consisting of 153 acres, this single title property is located at the north end of Quadra and includes an estimated 2 kilometers of oceanfront and one kilometer of lakefront on secluded Chonat Lake.
Quadra Island is part of a large group of Islands known as the Discovery Islands, which include, Cortes, Read, Maurelle, Sonora, East and West Thurlow and Quadra Island. Neighbouring islands include Stuart Island, East and West Redonda Islands and the Rendezvous Islands.
Named after the Kwakwala Indian word meaning, "where Coho salmon are found", the Chonat Bay property is nestled in a long bay off of Okisollo Channel, and is easily accessible by boat from Campbell River approximately 45 minutes away, Browns Bay (30 minutes away), or Heriot Bay (also about 30 minutes by boat).
Although the property was logged in 1994, a treed buffer remains along the stream, shoreline and lakefront, providing several opportunities for building sites or recreational development.
Although the current RU-1 (Rural 1) zoning provides for a minimum lot size is 9.88 acres, the property is designated for Silvicultural use, which has a minimum lot size of 40 acres. Considering the property's substantial waterfront, favourable topography, and moorage potential, Chonat Bay is a rare purchase opportunity as either a private recreational retreat, future development into smaller lots, or as a long-term forestry hold.
Asking Price: $ 695,000
Approximately $ 4,542 per acre