Property Information:

Rare 1.3-Acre Property with Renovated Cottage and Development Potential A multitude of possibilities await with this rare 1.3-acre parcel featuring a newly renovated, cottage-style bungalow. Privately nestled among mature vegetation, this unique property offers a quiet, secluded feel—yet it's just steps from the recreation centre, the Savoy Theatre, and a short walk to the downtown core. The bungalow has been fully renovated inside and comes equipped with a newer fridge, stove, washer/dryer combo, and hot water heater. Currently rented at $1,390/month with the tenant paying all utilities, it presents an excellent turn-key investment opportunity. Formerly the site of the Devco mining office, the property benefits from upgraded in-ground water, sewer connections, with power connection available on site. Valuable infrastructure for future development. Zoned UR3, the site offers numerous possibilities including: A dream retirement home with a guest house or granny suite all ready on site A vacation rental or AirBnB A multi-unit development of up to 12 units Potential for duplexes or a larger family compound Its elevated terrain offers the potential for second-storey ocean views if building on the crest of the hill. Whether you're an investor, developer, or someone looking to create a private urban retreat, this versatile property is a rare opportunity in a prime location.