Just to remind, in really simplistic terms, MPC hold over 700 acres in Silverdale.
At this trade price, raw land is worth $578 million. Close to $10 per share pre tax.
Built out, these lands will generate a multiple of this amount.
Located in the Silverdale area, the land could host townhomes or single-family houses under development plans expected to finalize in the summer of 2022
Type of property: Land
Location: 31061 Gunn Avenue, Mission, B.C.
Land size: 431,244 square feet
Land size, in acres: 9.9 acres
Potential: Low-rise residential development
List price: $9 million