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Your Lake Cowichan & Surrounding Area REALTOR ® 
Jennifer Allen 81 Cowichan Lake Road Lake Cowichan, BC V0R2G0
Cell: 250-510-1311
Fax: 250-749-6002
Home:
Work Phone: 250-749-6000
Email Jennifer

689 Shawnigan Lake Road Shawnigan Lake ( British Columbia, CA - V0R 2L0) Built

$2,700,000
Incredible Value

RE/MAX

Jennifer Allen Jennifer Allen 250-749-6000 (Office) 250-510-1311 (Cell) 250-749-6002 (Fax) Request More Info

  • Great Future Potential
  • Type: Residential
  • Style: Apartment
  • Bedrooms: 5
  • Bathrooms: 5
  • Size: 3,900 sq. ft.
  • Development Level: Built
  • Lot Type: Irregular
  • Lot Size: 40 acres
  • Year Built: 1995
  • Taxes: $4,608.00 (2015)
  • MLS ® #: 861405
  • Basement: Yes, Crawl

Description

This is an excellent opportunity to purchase a 40 acre piece of land in the popular Shawnigan Lake area of Victoria. This land can be a lot of things. Currently it is zoned F1 which allows for the 2 homes that are now on the property, But you could easily rezone the property to i1 ( light industrial ) which allows for the land to be sub-divided into 2 acre parcels. Imagine 19 -2 acre fenced storage lots that you rent out for 500.00 a month, people can store a lot of things in a fenced 2 acre storage area. 500 a month x 19 lots is 9,500 a month in revenue. Your taxes are only 6,000 annually. 9,500 a month x 12 months = 114,000.00 a year. Lease out the rental bins for 10 years at 1,140,000 or even 20 years at 2,280,000 and then either develop the land into an industrial park or sell the land for large profits. I can only imagine what 40 acres in the Shawnigan Lake area will be worth 20 years from now.
Call Lew Poulin , Realtor, Pemberton Holmes Real Estate @ 250 507 1546

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Brokered and Advertised by : Pemberton Holmes Realty
P2#176200975
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Information is deemed to be correct but not guaranteed.

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