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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 (id:24212)
Full Address:
7785 Cowichan Lake Road, Lake Cowichan, British Columbia
Price:
$ 995,000
MLS Number:
986020
List Date:
January 31st, 2025
Neighbourhood:
Lake Cowichan
Lot Size:
1.57 ac
Taxes:
$ 5,911
Ownership Type:
Freehold

Property Specifications

Air Conditioning:
None
Heating:
Baseboard heaters
Fireplaces:
2

Interior Features

Zoning:
Other
Garage Spaces:
200

Building Features

Finished Area:
2 sq.ft.
Main Floor:
1 sq.ft.
Rooms:
Auxiliary Building
Other
1 x 1 feet

Floors

Lot Size:
1.57 ac

Land

Neighbourhood Features

Ratings

Commercial Info

Location

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Neighbourhood Details

Agent: David ScotneyBrokerage: Pemberton Holmes Ltd. Phone: 250-384-8124

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