220 MacDonald Rd, Lake Cowichan, BC, V0R 2G0

$3,950,000

MLS® # 955413

House For Sale In Lake Cowichan, British Columbia

$3,950,000

  • 12

    Bedrooms

  • 6

    Baths

  • 2.40 Acres

    Lot Size

Property Information:

Attn Developers-Opportunity to complete this subdivision in sought after Lake Cowichan. Currently phase 2 is 35% complete with sewer and water and electrical close to the lot lines. The lots have already been cleared and graded and have a subdivision plan. The parcel includes plans for 23 lots, and 3 older duplexes which could be 3 additional lots. One duplex is move in ready with one half of it currently rented, the second half is ready for a tenant. The second duplex requires some finishing work and the third requires substantial work. There are new roofs on all three buildings, and new windows in two of the duplexes. These lots (under one pid) are located 1 km to the beach, shopping and trails. This is a fantastic place to raise a family and enjoy outdoor life all year round! ‘As is’ Appraisal value of the property is $3.960M which includes the subdivision costs of paving, sewer and water to 35% of the proposed lots. Vendor can partially finance $2M at current bank lending rates.

Property Features:

  • Bedrooms: 12
  • Bathrooms: 6
  • Annual Tax Amount: $0
  • Accessibility Features:
  • Basement: Crawl Space
  • Built in: 1974
  • Construction Materials: Frame Wood, Wood
  • Cooling: None
  • Floor Space (approx): 6000 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Laundry Features: In House
  • Lot Features: Central Location, Cleared, Easy Access, Level, Recreation Nearby, Shopping Nearby
  • Lot Frontage: 104544 Square Feet
  • Lot Size: 2.40 Acres
  • Ownership: Freehold
  • Parking Features: Driveway
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Fixer
  • Property Sub Type: Other
  • Road Surface Type: Paved, Unimproved
  • Roof: Asphalt Shingle
  • View: Mountain(s)
  • Water Source: Municipal, To Lot
  • Window Features: Vinyl Frames, Wood Frames
  • Zoning: R3
  • Zoning Description: Residential
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 4

Rooms:

  • Bathroom Other level :Other
  • Bedroom Main Level 3.23 m x 3.02 m
  • Bedroom Other level :Other 3.17 m x 2.95 m
  • Kitchen Main Level 4.29 m x 3.99 m
  • Living Other level :Other 3.78 m x 4.32 m
  • Bedroom Other level :Other 3.23 m x 3.02 m
  • Dining Other level :Other 2.92 m x 1.63 m
  • Bedroom Other level :Other 3.05 m x 2.74 m
  • Bedroom Other level :Other 3.23 m x 3.02 m
  • Bathroom Main Level

Courtesy of: RE/MAX Island Properties

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Additional Photos