$995,000
FOR SALE

Multiplex

1405 Fisher Rd
Cobble Hill, BC V8H 0H7

COBBLE HILL DEVELOPMENT PROPERTY. Fully serviced, level & cleared 0.7 ac. corner lot w/ multiple access points. Flexible paths forward for immediate or phased development. Property features an updated 2B/1B dwelling to support conventional mortgage financing (vs. bare land) & increase post subdivision lot value. Home can serve as a primary or secondary home if future owners wish to build (prev. rented for $2,200/mo). Preliminary approval secured for a 3-lot subdivision per current R3 zoning (900 m² lots) with no park dedication required. Property is designated “Compact Suburban” in the CVRD’s newly adopted OCP, w/ rezoning expected in 2025/26. CS zoning will support higher density - up to 8 lots (333 m²) - including duplexes & multi-unit. Buyers may continue with the current application (and explore a second/future subdivision), or hold/redesign plans in alignment with the OCP. Several unique outbuildings including detached A-frame/office & studio can remain or be removed if preferred. (id:47421)
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Listed By Coldwell Banker Oceanside Real Estate
Data Provided By Victoria Real Estate Board
MLS® Listing Number 1014467
Last Updated Mar 10, 2026
Property Summary
Property Type Multiplex

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Neighbourhood Cobble Hill
Price History

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Detailed Information
Features Corner Site
Listing Contract Date 2025-09-18
Municipal ID 003-725-031
Ownership Type Freehold
# of Parking Spaces 3
Plan VIP19424
Property Type Multi-family
Transaction Type For sale
Zoning Description R3
Zoning Unknown
Building
Constructed Date 1957
Cooling Type None
Heating Type Baseboard heaters
Size (Exterior) 918 square feet
Type Multi-Family
Land
Total Size 0.7 acres
Access Type Road access
Size of Irregular Land 0.7

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