$3,950,000
FOR SALE

Multiplex

220 Macdonald Rd
Lake Cowichan, BC V0R 2G0

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. (id:47421)
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Listed By RE/MAX Island Properties
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 956429
Last Updated Mar 28, 2024
Property Summary
Property Type Multiplex

More like this:
Neighbourhood Lake Cowichan
Price History

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Detailed Information
Features Acreage
Listing Contract Date 2024-03-15
Municipal ID 005-991-633
Ownership Type Freehold
Plan VIP5580
Property Type Multi-family
Transaction Type For sale
Zoning Description r-3
Zoning Unknown
Building
Cooling Type None
Heating Fuel Electric
Heating Type Baseboard heaters
Size (Exterior) 6000 square feet
Type Multi-Family
Land
Total Size 2.4 acres
Acreage Yes
Size of Irregular Land 2.4

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