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.
| Address |
220 MacDonald Rd |
| List Price |
$3,950,000 |
| Property Type |
Residential |
| Type of Dwelling |
Other |
| Area |
Duncan |
| Sub-Area |
Du Lake Cowichan |
| Bedrooms |
12 |
| Bathrooms |
6 |
| Floor Area |
6,000 Sq. Ft. |
| Lot Size |
104544 Sq. Ft. |
| Year Built |
1974 |
| MLS® Number |
955413 |
| Listing Brokerage |
RE/MAX Island Properties
|
| Basement Area |
Crawl Space |
| Postal Code |
V0R 2G0 |
| Tax Year |
2023 |
| Features |
Baseboard, Electric, Mixed, Vinyl Frames, Wood Frames |
| Amenities |
Central Location, Cleared, Easy Access, Level, Primary Bedroom on Main, Recreation Nearby, Shopping Nearby |
