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1530 Willemar Ave | $775,000
Rosanna Duffy Agent Photo
Rosanna
Duffy
C. (250) 816-4663
 P. (250) 758-7653
 Phone Rosanna www.vancouverislandlifestyle.ca
ROYAL LEPAGE NANAIMO REALTY (NANISHWYN)
4200 Island Highway North
 Nanaimo, BC
 Canada V9T 1W6

Details

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Address 1530 Willemar Ave
AreaComox Valley
Sub AreaCourtenay City
State/ProvinceBritish Columbia
CountryCanada
Price$775,000
Property TypeSingle Family
Bedrooms5
Bathrooms3
Floor Space2369 Square Feet
Lot Size21780.00 Square Feet
WaterfrontNo
Year Built1944
Taxes $5,390
Tax Year2024
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)

NOTE: VIREB IDX Reciprocity listings are displayed inaccordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Data Source: Statistics Canada
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