7785 Cowichan Lake (Off) Rd, LAKE COWICHAN

2024-01-02
 

Quick Summary

Location
7785 Cowichan Lake (Off) Rd, LAKE COWICHAN, British Columbia V0R2G0
Price
$1,095,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
2ft2

MLS®#950211

Property Description

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:32467)

Property Features

Building

  • Cooling Type: None
  • Fireplace: Yes
  • Interior Size: 2 sqft
  • Building Type: House

Land

  • Land Size: 1.57 ac

Ownership

  • Type: Freehold

Zoning

  • Description: C4

Information entered by Pemberton Holmes - Cloverdale
Listing information last updated on: 2024-01-02 22:26:20


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$500,000

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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Per Dahlstrom REALTOR®

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