Here is a rare opportunity to buy a 1.57 acres 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, The present owner has done a phase 1 and phase 2 environmental study as well as installed a new state of the art well, a new pressurized septic system and just finished a complete electrical overall Total for all work over 250k.Some of the usages but not limited to include hotel, bakery, cafe, liquor retail, pub, catering....... 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
Address
7785 Cowichan Lake (Off) Rd
List Price
$1,050,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Duncan
Sub-Area
Du Lake Cowichan
Floor Area
1 Sq. Ft.
Lot Size
68389.2 Sq. Ft.
Lot Size (Acres)
1.57 Ac.
MLS® Number
986020
Listing Brokerage
Pemberton Holmes Ltd.
Basement Area
Other
Postal Code
V0R 2G0
Tax Amount
$5,911.17
Tax Year
2024
Features
Baseboard