1530 Willemar Ave, COURTENAY

2024-07-12
 

Quick Summary

Location
1530 Willemar Ave, COURTENAY, British Columbia V9N3M3
Price
$849,900 CAD
Status:
For Sale
Property Type:
Single Family
Area:
2369ft2
Bedrooms:
5
Bathrooms:
3
Year of Construction:
1944
Video Link:

MLS®#969275

Property Description

Prime Development Opportunity in Courtenay! Discover an excellent opportunity for development in an affordable area of Courtenay. This character home is situated on a 0.504-acre (2,023 m²) a flat and mostly cleared lot, now benefiting from the New R-SSMUH (Residential Small-Scale Multi-Unit Housing) zoning regulations, which significantly enhance its potential for multifamily development. The property boasts dual lane access and main street frontage, offering flexibility and ease for development projects. The existing home is positioned at the front third of the lot, allowing for rental income while planning and permits are obtained for further development. The larger back two-thirds of the property is ideally suited for constructing up to four small-scale multi-unit housing units. These new zoning regulations are part of a strategic initiative to increase housing supply and diversity, providing a range of affordable housing options. This property represents an ideal investment for those looking to capitalize on Courtenay’s evolving real estate market. This is a unique opportunity to develop a prime piece of real estate with significant potential for return on investment. Whether you are an investor or a developer, this property offers a substantial chance to create a valuable asset in a growing and affordable area of Courtenay. (id:32467)

Property Features

Building

  • Cooling Type: None
  • Fireplace: No
  • Interior Size: 2369 sqft
  • Building Type: House

Features

  • Feature: Central location, Level lot, Southern exposure, See remarks, Other, Rectangular

Land

  • Land Size: 0.5 ac

Ownership

  • Type: Freehold

Zoning

  • Description: R-SSMUH

Information entered by Royal LePage-Comox Valley (CV)
Listing information last updated on: 2024-07-12 16:42:31


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$500,000

Your One Percent Realty Commission savings

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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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Larry Staley REALTOR

Phone:
250-240-2035
Email:
larry@staleyteam.ca
Support Area:
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