10862 Chemainus Rd | $825,000
Karrie Brennan* Agent Photo
Karrie
Brennan*
P. (250) 924-0113
F. (250) 746-8115
Phone Karrie
Pemberton Holmes - Ladysmith
P.o. Box 1443 - 516 1st Avenue
Ladysmith, BC
Canada V9G 1A7

Details

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Address 10862 Chemainus Rd
AreaDuncan
Sub AreaSaltair
State/ProvinceBritish Columbia
CountryCanada
Price$825,000
Property TypeBuilding and Land
Lot Size68071.00 Square Feet
Year Built2018
Taxes $7,744
Tax Year2019
MLS® #841419

Stocking Creek Village is a 1.4 acre parcel with water, hydro and a Type 3 septic plant. C-2A zoning allows multiple commercial uses. A Development Permit is in place to build two large buildings and 14 small buildings. One large building is finished and leased to a coffee shop and a gelato business. The foundation is complete for the second large building. The 14 small buildings provide a unique opportunity for businesses that decide to downsize in light of today's economic realities. The $870,000 purchase price is based on a June 2, 2020 independent appraisal. Forecast profits from this development project are generous; and mortgage payments for building purchasers at today's interest rates are competitive with current market rents. Stocking Creek Village is an exciting development opportunity supported by positive demographics, new business realities, existing anchor tenancies and a development plan that is implementation - ready.


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 COLDWELL BANKER OCEANSIDE REAL ESTATE


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