Development Potential on Sunny, Level 0.245 acre property nestled on a quiet, no-through road in a central location, this 0.245-acre property offers excellent opportunities for development. Currently zoned R-SSMUH, the property allows for Small Scale Multi-Unit Housing—up to four units (please verify bylaws for specific details). The existing small house presents a fantastic opportunity for renovation. As a long-term holding property, it features a tenant in place, making it an attractive option for investors. Additionally, the large shop/garage provides abundant space for storage, a workshop, or future upgrades. Whether you’re looking to develop or hold as an investment, this property’s versatility and prime location make it a great choice.
Data was last updated August 17, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
160
Avg list price:
$582,450
Min list price:
$38,500
Max list price:
$8,950,000
Avg days on market:
63
Min days on market:
2
Max days on market:
520
Avg price per sq.ft.:
$419.79
These statistics are generated based on the current listing's property type
and located in
CV Courtenay City. Average values are
derived using median calculations. This data is not produced by the MLS® system.