Skirt Mountain property poised to add housing

A 110-acre parcel of property on the south side of Skirt Mountain has been sold for $17.5 million.

A 110-acre parcel of property on the south side of Skirt Mountain has been sold for $17.5 million.

The deal was approved for purchase by a company listed as 1083103 B.C. Ltd., which was incorporated for the sale. The transaction was approved by the B.C. Supreme Court following two years of foreclosure proceedings. The property is made up of eight sections ranging from 31.2 acres to 7.8 acres. The initial price of $14.9 million in January 2015 was lowered to $11.9 million in June of 2015. There were six new offers for the property after the court allowed more bids last week following initial approval of a $7.825 million bid from Pritchard Estates. The property was rezoned to comprehensive development in 2010, which allows for a range of housing and some commercial.

Langford Mayor Stew Young said the sale is great news for the community.

“It means more jobs and more housing, which is always good news for the local economy,” Young said.

“I believe the people (buying the land) are well-funded and should be able to work well with the city. It’s a good sign that the economy is improving because they wouldn’t be buying at that price if it wasn’t.”

David Clarke, chief financial officer for Ecoasis, owner of Bear Mountain Resort, echoed Young’s comments.

“We’re happy it’s moving ahead,” Clarke said. “It shows confidence in the market and in Langford. It looks like we’re getting a quality developer as a neighbour and that’s great news for our development.”

Clarke believes Langford’s decision to build the Bear Mountain Parkway may have factored into the decision to purchase the land.

The new parkway will provide additional access at the intersection of Leigh and McCallum roads off of the Trans-Canada Highway.

The $5 million project, scheduled for completion next summer, will provide new access for Bear Mountain and other properties on Skirt Mountain.

Just Posted

In a fight against cancer, Victoria man’s only stem cell match was his own donation

More mixed race and Asian stem cell donors needed, says Victoria family

VicPD warn public on fake firearms after responding to four gun calls in just five hours

Officers treat each firearm as a real weapon until they can determine it isn’t, say police

Bridges for Women grad takes on new business idea

Victoria woman puts her lessons into action with Sweeping Beauty Concierge

Howard the Gnome finds a home at Galey Farms

Eight-metre gnome expected to greet visitors to Saanich farm this fall

Famous Floyd’s to open in Royal Oak

Building in Saanich turns iconic pink of local breakfast chain

VIDEO: 13-year-old killed in B.C. crash that involved five kids

The children range in age from six to 17.

POLL: Do you still have a landline telephone?

With smart phones becoming an indispensable part of modern-day life, more and… Continue reading

Greater Victoria Wanted List for the week of March 26

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

MPs denounce leaked reports of Trudeau-JWR clash over Supreme Court pick

Opposition MPs called the leaks an act of desperation meant to smear Wilson-Raybould

Study says B.C.’s housing policies mean drug users can be targeted for eviction

The study involves 50 people living in Vancouver’s Downtown Eastside

VIDEO: Homicide team called in after three killed in Surrey car crash

Investigators ask public to come forward with information, dashcam video

Stranger climbs onto B.C. family’s second-floor balcony, lights fire in barbecue

Incident in Abbotsford terrifies family with two-year-old boy

UPDATED: Sailings resume after BC Ferries boat hits Langdale terminal

The Queen of Surrey is stuck on the dock, causing delays to Horseshoe Bay trips

Eviction halted for B.C. woman deemed ‘too young’ for seniors’ home

Zoe Nagler, 46, had been given notice after living in the seniors complex in Comox for six years

Most Read