4625-4608 LANES COWICHAN BAY

Cowichan Bay neighbourhood of Cowichan Bay British Columbia Canada V0R 1N2
$2,980,000

4625-4608 LANES COWICHAN BAY

  • Price: $2,980,000
  • MLS Number: 862696
  • Bedrooms: 4
  • Bathrooms: 4
  • Square Footage: 8432 Sq Ft
  • Property Type: Single Family

Development opportunity or your private 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 (Wilcuma Lodge) is in need of extensive updating. This 6,962 sq. ft. Maclure designed home ( no heritage designation ) 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. GST applies.

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