Courtenay, BC V9N3M3 1530 Willemar Ave
$849,900
45 more
Presented By: Royal LePage-Comox Valley (CV)
Home Details
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:7434)
Presented By: Royal LePage-Comox Valley (CV)
Interior Features for 1530 Willemar Ave
Other Interior Features
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
General for 1530 Willemar Ave
Building Cooling TypeNone
Building TypeHouse
FeaturesCentral location, Level lot, Southern exposure, See remarks, Other, Rectangular
NeighbourhoodCourtenay City
Ownership TypeFreehold
Parking Space Total5
Property TypeSingle Family
Zoning DescriptionR-SSMUH
ZoningTypeResidential
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty