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REALTORĀ®, Cordova Bay Specialist

$1,395,000

7785 Cowichan Lake Rd
MLS® NO: 912084

Description

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 yours

General

Property Type:Multi Family
Taxes:$5,025
Tax Year:2021

Site Influences

Lot SqFt: 68,389
Acres: 1.57

Strata Lot Information

Managed By: Self

Property Details

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This is only a guide. Please verify this information with your mortgage specialist.
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Listed with:

David Scotney
Pemberton Holmes - Cloverdale
Phone: 250-384-8124