220 Macdonald Rd, Lake Cowichan, BC

$3,950,000

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12

Beds

6

Baths

6,000

Square feet

2.40

Acres

About 220 Macdonald Rd

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.

Basic Information

Price $3,950,000
MLS® # 955413
Sub-Type Other
Year Built 1974
Beds 12
Baths 6.00
Kitchens 5
Interior SqFt 6,000
Lot Size 2.40 Acres

Location Information

Address 220 Macdonald Rd
Postal Code V0R 2G0
Area Duncan
Sub Area Lake Cowichan
Jurisdiction Town of Lake Cowichan
PID Number 005-991-633
View Mountain(s)
Waterfront? No

Features & Amenities

Water Municipal, To Lot
Sewer Sewer Connected, Sewer To Lot
Heating Baseboard, Electric
Cooling None
Foundation Details Poured Concrete
Property Condition Fixer-Upper
Laundry In House
Parking Driveway

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No
Lot Features Central Location, Cleared, Easy Access, Level, Recreation Nearby, Shopping Nearby

Listing Details

OfficeRE/MAX Island Properties

Listing Map