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Maika
4201 Johnston Rd.
Port Alberni, BC
Canada V9Y 5M8
Details
Address | 1530 Willemar Ave |
Area | Comox Valley |
Sub Area | Courtenay City |
State/Province | British Columbia |
Country | Canada |
Price | $849,900 |
Property Type | Single Family |
Bedrooms | 5 |
Bathrooms | 3 |
Floor Space | 2369 Square Feet |
Lot Size | 21780.00 Square Feet |
Waterfront | No |
Year Built | 1944 |
Taxes | $5,390 |
Tax Year | 2024 |
MLS® # | 969275 |
Prime Development Opportunity in Courtenay! Discover an excellent opportunity for development in an affordable area of Courtenay. This character home is situated on a 0.504-acre (2,023 m²) a flat and mostly cleared lot, now benefiting from the New R-SSMUH (Residential Small-Scale Multi-Unit Housing) zoning regulations, which significantly enhance its potential for multifamily development. The property boasts dual lane access and main street frontage, offering flexibility and ease for development projects. The existing home is positioned at the front third of the lot, allowing for rental income while planning and permits are obtained for further development. The larger back two-thirds of the property is ideally suited for constructing up to four small-scale multi-unit housing units. These new zoning regulations are part of a strategic initiative to increase housing supply and diversity, providing a range of affordable housing options. This property represents an ideal investment for those looking to capitalize on Courtenay’s evolving real estate market. This is a unique opportunity to develop a prime piece of real estate with significant potential for return on investment. Whether you are an investor or a developer, this property offers a substantial chance to create a valuable asset in a growing and affordable area of Courtenay.
Listed by ROYAL LEPAGE-COMOX VALLEY (CV)
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Location
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About
I have called the Alberni valley home since 2004, “A gem with great growth potential made more enjoyable by the pride and enthusiasm of the hard-working and down-to-earth people who live here.”
I am an active member of the Alberni Valley Curling Club. I am the President of the Rainbow Gardens Care Home Auxiliary, and am the Treasurer of the West Coast General Hospital Foundation. As a former Private Wealth Advisor with the Coastal Community Private Wealth Group, I have extensive experience in helping people achieve their dreams; and plans to continue this rewarding work in the real estate industry.
If you are looking to sell your cherished home, or are a first time buyer, or looking to upgrade or downsize, or looking to make a real estate investment, I am dedicated to putting my clients interest first.