Land For Sale • 98.84 AC
Marcus & Millichap REIS Canada Inc. is pleased to introduce Ripple Rock Estates, a +/-100 acre development opportunity stretching along nearly one kilometer of pristine shoreline. Significant investments have been made with plans for 188 bareland strata lots, including 43 oceanfront lots, with +/- 78.5 acres dedicated to residential use , +/- 5.5 acres mixed-use, and the remaining +/- 16 acres* planned for industrial.
| Consistent population growth (+6.5% over the last 5 years) |
| Limited housing availability, with a projected need for over 600 new apartment units by 2025 |
| A significant infrastructure project, the John Hart hydro dam upgrade, began in 2023, bringing a large new workforce to the area |
| Exceptionally low residential vacancy rate at 0.4%, the lowest in the Mid-Island region as of 2022 |
| Growing retirement community |
| Strong presence in the fishery, ecotourism, manufacturing, and forestry sectors |