7785 Cowichan Lake (off) Rd, Lake Cowichan, BC

$1,095,000

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1

Square foot

1.57

Acres

About 7785 Cowichan Lake (off) Rd

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

Basic Information

Price $1,095,000
MLS® # 950211
Sub-Type Single Family Detached
Baths 0.00
Interior SqFt 2
Lot Size 1.57 Acres

Location Information

Address 7785 Cowichan Lake (off) Rd
Postal Code V0R 2G0
Area Duncan
Sub Area Lake Cowichan
Jurisdiction Duncan Rural (766)
PID Number 017-300-231
Waterfront? No

Features & Amenities

Water Well: Drilled
Sewer Septic System
Heating Baseboard
Cooling None
Foundation Details Other
Property Condition Fixer-Upper
Laundry Other
Parking Driveway, Other

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No

Listing Details

OfficePemberton Holmes - Cloverdale

Listing Map