Lying at the south end of East Thurlow Island facing Nodales Channel, this expansive property consists of 392 acres in a single title and offers easy access waterfront around two small but attractive bays.
East Thurlow Island is one of the Discovery Group's more northerly islands. Sparsely populated today, East Thurlow Island's Shoal Bay was once one of the coast's most populated centers with over 5,000 people seeking their fortune in gold and timber. Today the only reminder of Shoal Bay's incredible past is remnants of the old cedar log skids used to bring timber to the mills. Although a resort was operated at Shoal Bay in more recent years, a fire destroyed it relegating Shoal Bay to a recreational destination for boaters and explorers.
Lying on the south side of East Thurlow Island, this property enjoys southern exposure and easy access to Vancouver Island from Rock Bay only 5 kilometers away. Situated adjacent to a Tree Farm License owned by Timber West, informal logging road access to this site might be possible.
Although the inland portions of the subject property were logged about 10 years ago, a treed buffer remains along the waterfront and provides several opportunities for building sites or recreational development. The topography of the property is varied, but is generally considered to be moderately sloping. Zoned RU-3, this property provides for forestry or residential uses with a minimum lot size of 247 acres.
Considering the property's size and single title status, further development is unlikely. Given the asking price of only $2,500 per acre however, this property is well priced and is an excellent alternative to smaller waterfront parcels as a large recreational property or even a long-term forestry hold.
Asking Price: $ 975,000
Approximately $ 2,487 per acre