$935,000
$950,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
0.55 Acres Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $935,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 951108
Sold Date 08/01/24
Rental Info Unrestricted
Annual Tax Amount $12,418
Tax Year 2022
Lot Size 0.550 Acres
Acres 0.55
Property Description
ACCEPTED OFFER S/O 05/21/24 - Discover an exceptional real estate opportunity with this 0.55-acre property, partially fenced and strategically located within the Bell McKinnon Local Area Plan, a prime growth and development zone designated by the Municipality of North Cowichan. Boasting C2 zoning, this property presents endless possibilities for businesses with its current allowance of 100% lot coverage. The existing office building comes with abundant parking and a bonus one-bedroom apartment, offering an attractive rental income potential. The property is turnkey and conveniently situated just a short stroll away from the Cowichan Commons shopping center. The seller has recently secured an Approved Development Permit to construct a new accessory building spanning 2817 sqft. The proposed site coverage is a modest 19.2%, well below the allowed 100%, providing room for expansion and further development. Act now to seize this lucrative investment opportunity, this is priced to sell.
Location
State BC
County North Cowichan, Municipality Of
Area Du West Duncan
Zoning C2
Interior
Cooling None
Flooring Carpet, Laminate
Exterior
Exterior Feature Fenced, Fencing: Partial, Low Maintenance Yard, Sign: Allowed
Parking On Site 1
Building
Lot Description Cleared, Easy Access, Level, Pie Shaped Lot, Serviced, Shopping Nearby
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation All,Wood
Others
Tax ID 000-132-462
Ownership Freehold
Acceptable Financing Purchaser To Finance
Listing Terms Purchaser To Finance
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with RE/MAX Island Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "