220 Macdonald Road Lake Cowichan, BC V0R 2G0
Listing Courtesy of:  CREA / Re/Max Island Properties

  220 Macdonald Road Lake Cowichan, BC V0R 2G0

Active (35 Days)
$3,950,000
4
BED
3
BATH

Description

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. There are five lots for sale adjacent to this property and an additional house that can be purchased separately or in addition to these lots if a purchaser has different ideas for the subdivision. (id:41440)

MLS®:
955413
Lot Size
2.4 acres
Type
Single-Family Home
Year Built
1974
Views
Mountain View
County
Cowichan Valley

Listed By

Belinda Kissack, Re/Max Island Properties
Source
CREA
Last checked Apr 21 2024 at 2:53 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Lot Information
  • Other
  • Central Location
  • Partially Cleared
  • Level Lot
Heating and Cooling
  • Baseboard Heaters
  • Electric
  • None
Parking
  • Total: 4
  • Stall
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 4/20/24 19:53