Development opportunity or your grand estate! Rare and spectacular oceanfront in Cherry Point, Vancouver Island! Approx. 40K gross annual rental income from 6 units to help offset costs while planning your next step. Value is mostly in land. Two separate titles of 6.24 acres combined (from BC Assessment) and 318 feet of unique ocean front. One lot offers 4.99 acres zoned C4 Tourist Commercial and the other one has R2 zoning. There are 4 small cabins and 2 homes currently being used as month to month rentals. The main residence (known as Wilcuma Lodge) is in need of extensive updating. This 6,962 sq. ft. Maclure designed home features 10 foot ceilings, wood flooring and endless ocean vistas. These two lots allow for a terraced development that will have brilliant water views from every angle. Extraordinary property located moments away from the seaside village of Cowichan Bay, close to shopping, schools. restaurants, marina and golf courses. No heritage designation. GST applies. Next door, Cherry Point Marina also for sale. (id:6289)