Now priced 140k under assessed value......Here is a rare opportunity to buy a 1.57 acre just that is located just minutes to Lake Cowichan and offering a massive upside. This property has 8 existing rentals and a C4 zoning that allows a huge variety of usages, Some of the usages but not limited to include hotel, bakery, cafe, liquor retail, pub, catering.......The present owner has done a phase 1 and phase 2 environmental study as well as installed a new state of the art well, and a new pressurized septic system spending over 200k. There is the original shop out front that is not being used at all that could be turned back into a business as well. The property has so much potential and you can collect the rents from the existing units (mostly under rented) whilst you decide what the future may be. This is a great holding property make it your (id:47421)
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Detailed Information
Total Area
2 ft2
Listing Contract Date
2024-01-02
Municipal ID
017-300-231
Ownership Type
Freehold
# of Parking Spaces
200
Plan
VIP52208
Property Type
Single Family
Transaction Type
For sale
Zoning Description
C4
Zoning
Other
Building
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
2
Heating Type
Baseboard heaters
Total Finished Area
1 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Other
Auxiliary Building
1 ft x 1 ft
Land
Total Size
1.57 acres
Acreage
Yes
Size of Irregular Land
1.57
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