220 Macdonald Rd | $3,950,000
Adam Sandhu Agent Photo
Adam
Sandhu
Pemberton Holmes - Lake Cowichan
Po Box 45, 145 South Shore Rd
Lake Cowichan, BC
Canada V0R 2G0

Details

%
Years (35 year max)
Years



Address 220 Macdonald Rd
AreaDuncan
Sub AreaLake Cowichan
State/ProvinceBritish Columbia
CountryCanada
Price$3,950,000
Property TypeBuilding, Land
Lot Size104544.00 Square Feet
WaterfrontNo
Taxes $0
Tax Year2023
MLS® #956429

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.


Pemberton Holmes Ltd. has been in business serving the Vancouver Island area since 1887 helping people with their Real Estate needs. Much of Vancouver Island is now serviced with Homes For Sale in areas such as Victoria, Sidney, Saanich, Esquimalt, Colwood, View Royal, Oak Bay, Cordova Bay, Brentwood Bay, Saanichton, Langford, Metchosin, West Shore, Sooke, Mill Bay, Cobble Hill, Cowichan Bay, Shawnigan Lake, Duncan, Cowichan Valley, Chemainus, Crofton, Ladysmith, Lake Cowichan, Salt Spring Island, Nanaimo, Parksville, Courtenay, Comox, Bowser as well as Hornby Island.


Listed by RE/MAX ISLAND PROPERTIES


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