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The subject property is located on the east coast of Vancouver Island, in the Comox Valley. The population of Comox Valley is approximately 60,000. The Comox Valley is serviced by an international airport (frequent fl ights to Calgary & Edmonton), which draws commuters from a large portion of Vancouver Island. More specifi cally the property is situated on the north side of Ryan Road, and adjacent/across from the Crown Isle Golf Course and Resort. The Crown Isle neighbourhood is zoned for 2,700 residential units of which approximately 1,000 have been developed to date. Signifi cant commercial developments such as Costco, Home Depot, Northern Island College, Crown Isle Golf Course, have been constructed over the last 5 years with over 40 acres of commercial land still to develop. The lands on the north side of Ryan Road will yield over 600 residential units. A brand-new regional $330 million hospital is under construction just a few blocks away. Furthermore, a new traffi c light will be installed at the new Mission Road.