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7785 Cowichan Lake (Off) Rd in Lake Cowichan: Du Lake Cowichan Single Family Residence for sale (Duncan) : MLS®# 986020

7785 Cowichan Lake (Off) Rd Lake Cowichan V0R 2G0 : Du Lake Cowichan

Main Photo: 7785 Cowichan Lake (Off) Rd in Lake Cowichan: Du Lake Cowichan Single Family Residence for sale (Duncan) : MLS®# 986020
$995,000
Prop. Type:
Residential
MLS® Num:
986020
Status:
Active
Here is a rare opportunity to buy a 1.57 acres that is located just minutes to Lake Cowichan and offering a massive upside. This property has 8 existing rentals and a C4 zoning that allows a huge variety of usages, The present owner has done a phase 1 and phase 2 environmental study as well as installed a new state of the art well, a new pressurized septic system and just finished a complete electrical overall Total for all work over 250k. Some of the usages but not limited to include hotel, bakery, cafe, liquor retail, pub, catering....... There is the original shop out front that is not being used at all that could be turned back into a business as well. The property has so much potential and you can collect the rents from the existing units (mostly under rented) whilst you decide what the future may be. This is a great holding property make it yours
Property Type:
Residential
Type:
Single Family Residence
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
Switch units of measure1 sq. ft.
Listing General Location:
Du Lake Cowichan, Duncan
Bedrooms:
0
Bathrooms:
0.0 (Full:-/Half:-)
Lot Size:
Switch units of measure1.57 acre(s)
Kitchens:
0
Taxes:
Construction:
Other
New Construction:
No
Basement:
Other
Foundation:
Other
Roof:
Other
Ceiling Heights:
Switch units of measure
Total Building Area:
Switch units of measure2 sq. ft.
Total Unfinished Area:
Switch units of measure1 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
Switch units of measure1 sq. ft.
Living Area Main Floor:
Switch units of measure1 sq. ft.
Living Area Other Floor:
Switch units of measure1 sq. ft.
Living Area 2nd Floor:
Switch units of measure1 sq. ft.
Living Area 3rd Floor:
Switch units of measure1 sq. ft.
Fireplaces:
2
Fireplace Details:
Living Room
Laundry Features:
Other
Water supply:
Well: Drilled
Sewer:
Septic System
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard
Fireplace:
Yes
Pending Date:
Main Level
0
Yes
No
Unrestricted
Floor
Type
Dimensions
Other
Other
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Duncan Rural (766)
Legal Description:
Zoning:
C4
Bed and Breakfast:
Potential
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Fixer
Exposure / Faces:
South
Layout:
Other
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway, Other
Total Parking Spaces:
200
Total Units:
Date Listed:
Jan 31, 2025
Original Price:
1050000.0
Listed by Pemberton Holmes Ltd.
Data was last updated June 1, 2025 at 10:05 AM (UTC)
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.