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
Features of 7785 Cowichan Lake (off) Rd
| MLS® # | 950211 |
|---|---|
| Price | $1,095,000 |
| Bathrooms | 0.00 |
| Square Footage | 1 |
| Acres | 1.57 |
| Type | Residential |
| Sub-Type | Single Family Detached |
| Status | Active |
Community Information
| Address | 7785 Cowichan Lake (off) Rd |
|---|---|
| Area | Du Lake Cowichan |
| City | Lake Cowichan |
| County | Cowichan Valley Regional District |
| State | BC |
| Zip Code | V0R 2G0 |
Amenities
| Parking Spaces | 200 |
|---|---|
| Parking | Driveway, Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Living Room |
| Has Basement | Yes |
| Basement | Other |
Exterior
| Roof | Other |
|---|---|
| Construction | Other |
| Foundation | Other |
Additional Information
| Date Listed | January 2nd, 2024 |
|---|---|
| Days on Market | 226 |
| Zoning | C4 |
Listing Details
| Agent | David Scotney |
|---|---|
| Office | Pemberton Holmes - Cloverdale |