220 MacDonald Lake Cowichan, BC V0R 2G0

220 Macdonald Rd

Offered at: $3,950,000

MLS®: 966908

Attention developers, builders or investors - Proposed 26 lots with three full duplexes in Lake Cowichan all being sold as one parcel. Zoning allows for single family homes and duplexes. One of the six units is currently rented, the second unit of the first building is currently vacant. The second duplex requires some updating and the third duplex requires quite a bit of cleanup. All three buildings have new roofs, while two of the three buildings have new windows. These lots (currently under 1 pid) are located 1 km to the beach, shopping and trails. The seller is open to offers and to a variety of financial arrangements including a vendor take back loan for up to $2,000,000 at competitive rates. One sugggestion for this property is to upgrade the duplexes, obtain separate PIDS for them and then sell them to get back some capital. Great opportunity for a handy person or group of investors.