1530 Willemar Ave Courtenay, British Columbia V9N 3M3
$775,000
Prime Development Opportunity in Courtenay! Discover an excellent opportunity for development in an affordable area of Courtenay. This character home is situated on a 0.504-acre (2,023 m²) a flat and mostly cleared lot, now benefiting from the New R-SSMUH (Residential Small-Scale Multi-Unit Housing) zoning regulations, which significantly enhance its potential for multifamily development. The property boasts dual lane access and main street frontage, offering flexibility and ease for development projects. The existing home is positioned at the front third of the lot, allowing for rental income while planning and permits are obtained for further development. The larger back two-thirds of the property is ideally suited for constructing up to four small-scale multi-unit housing units. These new zoning regulations are part of a strategic initiative to increase housing supply and diversity, providing a range of affordable housing options. This property represents an ideal investment for those looking to capitalize on Courtenay’s evolving real estate market. This is a unique opportunity to develop a prime piece of real estate with significant potential for return on investment. Whether you are an investor or a developer, this property offers a substantial chance to create a valuable asset in a growing and affordable area of Courtenay. (id:46227)
Property Details
| MLS® Number | 969275 |
| Property Type | Single Family |
| Neigbourhood | Courtenay City |
| Features | Central Location, Level Lot, Southern Exposure, See Remarks, Other, Rectangular |
| Parking Space Total | 5 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Constructed Date | 1944 |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2369 Sqft |
| Total Finished Area | 2369 Sqft |
| Type | House |
Land
| Acreage | No |
| Size Irregular | 0.5 |
| Size Total | 0.5 Ac |
| Size Total Text | 0.5 Ac |
| Zoning Description | R-ssmuh |
| Zoning Type | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Other | 8 ft | 8 ft x Measurements not available | |
| Lower Level | Storage | 5'6 x 3'8 | ||
| Lower Level | Storage | 3'3 x 5'3 | ||
| Lower Level | Laundry Room | 5'11 x 8'10 | ||
| Lower Level | Bedroom | 24'8 x 12'1 | ||
| Lower Level | Bedroom | 13'9 x 13'2 | ||
| Lower Level | Bedroom | 14'6 x 12'10 | ||
| Lower Level | Bathroom | 5 ft | 5 ft x Measurements not available | |
| Main Level | Other | 5'5 x 2'1 | ||
| Main Level | Mud Room | 13 ft | 13 ft x Measurements not available | |
| Main Level | Living Room | 14'3 x 10'9 | ||
| Main Level | Kitchen | 13'2 x 9'6 | ||
| Main Level | Kitchen | 13'2 x 12'2 | ||
| Main Level | Dining Room | 12 ft | Measurements not available x 12 ft | |
| Main Level | Primary Bedroom | 14 ft | Measurements not available x 14 ft | |
| Main Level | Bedroom | 8'1 x 10'11 | ||
| Main Level | Bathroom | 7'7 x 4'11 | ||
| Main Level | Bathroom | 10'1 x 7'9 |
https://www.realtor.ca/real-estate/27163282/1530-willemar-ave-courtenay-courtenay-city
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October 15 2024 04:22:39
Vancouver Island Real Estate Board
Royal LePage-Comox Valley (Cv)