Attn Developers-Opportunity to complete this subdivision in sought after Lake Cowichan. Currently phase 2 is 35% complete with sewer and water and electrical close to the lot lines. The lots have already been cleared and graded and have a subdivision plan. The parcel includes plans for 23 lots, and 3 older duplexes which could be 3 additional lots. One duplex is move in ready with one half of it currently rented, the second half is ready for a tenant. The second duplex requires some finishing work and the third requires substantial work. There are new roofs on all three buildings, and new windows in two of the duplexes. These lots (under one pid) are located 1 km to the beach, shopping and trails. This is a fantastic place to raise a family and enjoy outdoor life all year round! ‘As is’ Appraisal value of the property is $3.960M which includes the subdivision costs of paving, sewer and water to 35% of the proposed lots. Vendor can partially finance $2M at current bank lending rates. There are five lots for sale adjacent to this property and an additional house that can be purchased separately or in addition to these lots if a purchaser has different ideas for the subdivision. (id:47421)
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Detailed Information
Bedrooms
12
Bathrooms
6
Features
Central location, Level lot, Partially cleared, Other
Listing Contract Date
2024-03-15
Municipal ID
005-991-633
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Other
Transaction Type
For sale
Views
Mountain view
Zoning Description
R3
Zoning
Residential
Building
Constructed Date
1974
Cooling Type
None
Heating Fuel
Electric
Heating Type
Baseboard heaters
Size (Exterior)
6000 square feet
Total Finished Area
6000 sqft
Type
Other
Rooms
Room
Level
Dimensions
Notes
Bedroom
Main level
10 ft x 9 ft
Bathroom
Main level
4-Piece
Kitchen
Main level
14 ft x 13 ft
Dining room
Main level
10 ft x 5 ft
Living room
Main level
12 ft x 14 ft
Bedroom
Main level
10'7 x 9'11
Bedroom
Main level
10'5 x 9'8
Bathroom
Main level
4-Piece
Kitchen
Main level
14'1 x 13'1
Dining room
Main level
9'7 x 5'4
Living room
Main level
12'5 x 14'2
Dining room
Other
9'7 x 5'4
Dining room
Other
9'7 x 5'4
Bathroom
Other
4-Piece
Bathroom
Other
4-Piece
Bathroom
Other
4-Piece
Living room
Other
12'5 x 14'2
Living room
Other
12'5 x 14'2
Kitchen
Other
14'1 x 13'1
Bedroom
Other
10'7 x 9'11
Bedroom
Other
10'5 x 9'8
Bedroom
Other
10'7 x 9'11
Bedroom
Other
10'5 x 9'8
Bedroom
Other
10'7 x 9'11
Bedroom
Other
10'5 x 9'8
Bedroom
Other
10'7 x 9'11
Bedroom
Other
10'5 x 9'8
Bedroom
Other
10 ft x 9 ft
Bathroom
Other
4-Piece
Kitchen
Other
14 ft x 13 ft
Kitchen
Other
14 ft x 13 ft
Dining room
Other
10 ft x 5 ft
Dining room
Other
10 ft x 5 ft
Living room
Other
12 ft x 14 ft
Living room
Other
12 ft x 14 ft
Parking Spaces
Name
Spaces
Stall
Land
Total Size
2.4 acres
Acreage
Yes
Size of Irregular Land
2.4
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