Here is a rare opportunity to buy a 1.57 acres 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, The present owner has done a phase 1 and phase 2 environmental study as well as installed a new state of the art well, a new pressurized septic system and just finished a complete electrical overall Total for all work over 250k. Some of the usages but not limited to include hotel, bakery, cafe, liquor retail, pub, catering....... 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 yours
For sale
C$995,000
7785 Cowichan Lake Rd, Cowichan Valley, BC V0R 2G1
0beds
0baths
1sqft
Single Family Residence
Built in ----
1.57 Acres Lot
$-- Zestimate®
C$995,000/sqft
C$-- HOA
What's special
- 89 days
- on Zillow |
- 19 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 08:41pm
Listed by:
David Scotney,
Pemberton Holmes Ltd.
Source: VIVA,MLS®#: 986020
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Baseboard
Cooling
- None
Appliances
- Laundry: Other
Features
- Basement: Other
- Number of fireplaces: 2
- Fireplace features: Living Room
Interior area
- Total structure area: 2
- Total interior livable area: 1 sqft
Property
Parking
- Total spaces: 200
- Parking features: Driveway, Other
- Has uncovered spaces: Yes
Features
- Entry location: Main Level
Lot
- Size: 1.57 Acres
Details
- Parcel number: 017300231
- Zoning: C4
- Zoning description: Other
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Other
- Roof: Other
Condition
- Fixer
- New construction: No
Utilities & green energy
- Water: Well: Drilled
Community & HOA
Location
- Region: Cowichan Valley
Financial & listing details
- Price per square foot: C$995,000/sqft
- Tax assessed value: C$910,000
- Annual tax amount: C$5,911
- Date on market: 1/31/2025
- Ownership: Freehold
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