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

Attention developers, builders or investors - Proposed 26 lots with three full duplexes in Lake Cowichan all being sold as one parcel. Zoning allows for single family homes and duplexes. One of the six units is currently rented, the second unit of the first building is currently vacant. The second duplex requires some updating and the third duplex requires quite a bit of cleanup. All three buildings have new roofs, while two of the three buildings have new windows. These lots (currently under 1 pid) are located 1 km to the beach, shopping and trails. The seller is open to offers and to a variety of financial arrangements including a vendor take back loan for up to $2,000,000 at competitive rates. One sugggestion for this property is to upgrade the duplexes, obtain separate PIDS for them and then sell them to get back some capital. Great opportunity for a handy person or group of investors.

Basic Information

Price $3,950,000
MLS® # 966908
Sub-Type Land
Beds 12
Baths 6.00
Kitchens 6
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

Additional Information

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

Listing Details

OfficeRE/MAX Island Properties

Listing Map