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- $4M Price
- 6,000 Sqft
- 2.4 Acres
- 41 DOM
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220 Macdonald Rd
– $3,950,000
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.
Essential Information
- MLS® #956429
- Price$3,950,000
- Bathrooms0
- Square Footage6,000
- Acres2.40
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
- Tax Year2023
Community Information
- Address220 Macdonald Rd
- AreaDu Lake Cowichan
- CityLake Cowichan
- CountyLake Cowichan, Town of
- ProvinceBC
- Postal CodeV0R 2G0
Interior
- HeatingBaseboard, Electric
- CoolingNone
Exterior
- ConstructionFrame Wood, Stucco
Additional Information
- Listing OfficeRE/MAX Island Properties
- Days on Market41
- Zoningr-3
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. The website must only be used by consumers for the purpose of locating and purchasing real estate.