7785 Cowichan Lake (Off) Rd Lake Cowichan, British Columbia V0R 2G0
$1,095,000
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:57458)
Property Details
| MLS® Number | 950211 |
| Property Type | Single Family |
| Neigbourhood | Lake Cowichan |
| Parking Space Total | 200 |
| Plan | Vip52208 |
Building
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Heating Type | Baseboard Heaters |
| Size Interior | 2 Sqft |
| Total Finished Area | 1 Sqft |
| Type | House |
Land
| Acreage | Yes |
| Size Irregular | 1.57 |
| Size Total | 1.57 Ac |
| Size Total Text | 1.57 Ac |
| Zoning Description | C4 |
| Zoning Type | Other |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/26380215/7785-cowichan-lake-off-rd-lake-cowichan-lake-cowichan
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January 02 2024 10:26:20
Victoria Real Estate Board
Pemberton Holmes - Cloverdale