The property owner seeks to attract an investor to a 21 acre development opportunity.
1) Mixed recreational residential/ recreational community that intensifies development beyond the current 2 acre build out of campground RV lots.
There is currently limited camping and affordable amenity location housing in the Columbia Valley, and a shortage of rental housing for tourist sector and other Valley workforce.
a) Upgrading of existing, serviced RV pad sites to a mix of vintage RV rental (Airbnb) and experiential sea can rental.
b) Extending services to, and lease of, 40 river/mountain view lots.
c) Servicing/lease of 30 seasonal lots.
d) Addition of 10 sea can properties for year-round Airbnb rental and creation of tenting sites.
Price points and recreational resort aesthetic will be highly amenable to both recreational property owners and Valley workforce. Development and architectural standards will be established. Environmental assessment completed. Property owner to independently retain the 3 acre highway commercial frontage/development.
2) Sale of entire parcel to independent owner/operator or resort hotel chain as a resort redevelopment opportunity focused on river access amenity/activities.
A comparable market positioning (active outdoor adventure with water access)/aesthetic development is Tigh Na Mara Seaside Spa Resort (Parksville) – 22 acres (http://www.tigh-na-mara.com). Based on comparable developments, development options are: a) independent owner/operator; or b) fractional or whole ownership real estate managed by resort operator.
3) Park model redevelopment.