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REALTORĀ®, Cordova Bay Specialist

Residential Property in Duncan

$1,395,000

7785 Cowichan Lake (Off) Rd
MLS® NO: 916633

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 your

General

Property Type:Single Family Detached
Title of Ownership:Lot A, Block 29, Plan VIP52208, Cowichan Lake Land District
Layout:Other
Taxes:$4,605
Tax Year:2022
Finished Sq. Ft.:1
Unfinished Sq. Ft.:1

Building Details

Foundation: Other
Roof: Other
Heat/Air: Baseboard

Site Influences

Lot SqFt: 68,389
Acres: 1.57
Water: Well: Drilled
Waste: Septic System
Zoning: C4
Parking: Other

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Unfinished

Other-Aux Bldg1x1

Property Details

Beds: 0
Baths: 0
Sq. Feet: 1
Year Built:
Property Type: Single Family Detached
Municipality: Duncan

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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