4625-4608 Lanes Rd, Cowichan Bay

$2,980,000

0 Bed
0 Bath
6.24 Acres
0 Garage

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)

Essential Information
Listing #862797
Price$2,980,000
Bathrooms0.00
Acres6.24
TypeOther
Sub-TypeFreehold
Community Information
Address4625-4608 Lanes Rd
SubdivisionCowichan Bay
CityCowichan Bay
ProvinceBritish Columbia
Postal CodeV0R1L0
Amenities
Parking Spaces9
ViewMountain view, Ocean view
Is WaterfrontYes
WaterfrontWaterfront on ocean
Features

Acreage, Other, Marine Oriented

Additional Information
ZoningUnknown
Office

Sotheby's International Realty Canada (Vic2)

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Sotheby's International Realty Canada