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Antrobus
129 Nanaimo Avenue W
Penticton, BC
Canada V2A 1N2
Details
Address | 1530 Willemar Ave |
Area | Comox Valley |
Sub Area | Courtenay City |
State/Province | British Columbia |
Country | Canada |
Price | $775,000 |
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)
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.
Location
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About
Live.
Work. Play. The South Okanagan is a dream in itself; many fantastic areas to
choose from; four distinct seasons; a great variety of indoor or outdoor
activities and lots of choice for shopping. The pursuit of investing in Real
Estate can be the most exciting and rewarding experience you will encounter. However,
finding a suitable property for your families wants and needs at a price you
can afford is sometimes a bit of a challenge. You need a Real Estate
representative who understands your desires, has a good eye for easy changes
that can be made to a property to fit your needs and to help you make the best
choice for your family. I am that Realtor®. I demonstrate a profound dedication
to all clients whether you are purchasing a dream home or selling a property to
move on to bigger and better dreams. With mutual honesty, loyalty and
accountability, I will answer your questions and follow your instructions
attentively.
If you are looking for a Real Estate
representative who knows the Okanagan Valley, has over 20 years of experience
working with sellers and buyers, will listen to your ideas, be aggressive in
her marketing and advertising, and give you all the attention you deserve, call
or text me at 250-488-0804, you won’t be disappointed!