Price
$889,000
BedroomsNot listed
BathroomsNot listed
Size698 sqft
Year BuiltNot listed
Property TypeDetached Home
Property Taxes$14,674
Prime Development Opportunity in Chemainus, Vancouver Island BC! This 3-lot land assembly located in the heart of Chemainus along a bustling commercial corridor. Surrounded by an abundance of amenities, including the downtown core and waterfront, this property is positioned for significant growth and development. Zoned Commercial 2, allowing for a diverse range of uses. The Official Community Plan (OCP) designates this site as Village Residential, encouraging 3-5 story developments that integrate housing and complimentary commercial spaces. Prime Location: Enjoy 247 feet of frontage on the newly improved main road, complete with concrete curbs, sidewalks on both sides, bike lanes, ornamental streetlights, and professional landscaping—offering excellent exposure and accessibility. Level lots with dual road frontages, making development efficient and versatile. Existing structure includes a 698 sq. ft. commercial building, originally a single-family residence, now converted and rented to a long-term tenant on a month-to-month basis. This rare assembly is ideally situated to support Chemainus's growing demand for housing and mixed-use developments. Perfect for developers seeking to capitalize on the area's increasing popularity & infrastructure enhancements. An information package is available upon request. Don’t miss out on this exceptional opportunity to shape the future of Chemainus. (id:39198)
The listing brokerage and/or agent is REMAX Professionals
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
$4,417 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$711,200
Total Interest Payments
$438,499
Total Payment (Principal + Interest)
$1,149,699
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Realtors
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.