Attn Developers-Opportunity to complete this subdivision in sought after Lake Cowichan. Currently phase 2 is 35% complete with sewer and water and electrical close to the lot lines. The lots have already been cleared and graded and have a subdivision plan. The parcel includes plans for 23 lots, and 3 older duplexes which could be 3 additional lots. One duplex is move in ready with one half of it currently rented, the second half is ready for a tenant. The second duplex requires some finishing work and the third requires substantial work. There are new roofs on all three buildings, and new windows in two of the duplexes. These lots (under one pid) are located 1 km to the beach, shopping and trails. This is a fantastic place to raise a family and enjoy outdoor life all year round! ‘As is’ Appraisal value of the property is $3.960M which includes the subdivision costs of paving, sewer and water to 35% of the proposed lots. Vendor can partially finance $2M at current bank lending rates.
Property Type:
Residential
Type:
Other
Year built:
1974
(Age: 50)
Living Area:
6,000 sq. ft.557.418 m2
Auxiliary Building Living Area:
4,000 sq. ft.371.612 m2
Main Building Living Area:
2,000 sq. ft.185.806 m2
Listing General Location:
Du Lake Cowichan, Duncan
Bedrooms:
12
Bathrooms:
6.0
(Full:-/Half:-)
Lot Size:
2.4 acre(s)0.971 hectare(s)
Kitchens:
5
Construction:
Frame Wood, Wood
New Construction:
No
Basement:
Crawl Space
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Floor finish:
Mixed
Total Building Area:
6,000 sq. ft.557.418 m2
Total Unfinished Area:
0 sq. ft.0 m2
# Bedrooms or Dens Total:
12
# Main Level Bedrooms:
3
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
9
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
4
# Main Level Kitchens:
2
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
3
Living Area Lower Floor:
0 sq. ft.0 m2
Living Area Main Floor:
2,000 sq. ft.185.806 m2
Living Area Other Floor:
4,000 sq. ft.371.612 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal, To Lot
Sewer:
Sewer Connected, Sewer To Lot
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Warranty:
No
Vinyl Frames, Wood Frames
Mountain(s)
Duplexes accessed from Neva Road and lots accessed from MacDonald Rd
Ground Level
0
Yes
No
Unrestricted
Jurisdiction name:
Town of Lake Cowichan
Zoning:
R3
Accessibility:
Primary Bedroom on Main
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
6
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Partially Occupied
Property Condition:
Fixer
Exposure / Faces:
East
Layout:
Rancher
Lot Site Features:
Central Location, Cleared, Easy Access, Level, Recreation Nearby, Shopping Nearby
Data was last updated April 30, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
100
Avg list price:
$792,000
Min list price:
$139,900
Max list price:
$3,950,000
Avg days on market:
54
Min days on market:
5
Max days on market:
351
Avg price per sq.ft.:
$426.12
These statistics are generated based on the current listing's property type
and located in
Du Lake Cowichan. Average values are
derived using median calculations.