2115 Cumberland Rd, Courtenay
This ideally located 3 acre property presents a great investment and development opportunity perfectly timed to capitalize on the push for higher density housing. As of May 2026 zoning bylaw amendments on R-1A, this acreage will now support 4 residential units, with a greater upside to be rezoned. The current Official Community Plan (OCP) supports Residential Small-Scale Multi-Unit Housing (SSMUH), which allows investors to initiate the rezoning process. By taking advantage of the small-scale multi-family housing push, there is potential to subdivide this parcel of land into multiple lots, or the possibility of constructing high density 4-plexes on every newly created lot. All prospective buyers are highly encouraged to seek independent professional advice regarding the specifics on current zoning, as well the rezoning process.Beyond its future development potential, this property offers a 1,616 sqft home with a spacious layout, 4 bedrooms, a den perfect for a home office, and 2 bathrooms. It could serve as an immediate revenue generator to provide income while plans and permits are secured.This acreage is also enhanced by its outbuildings and rural lifestyle amenities. Mechanical enthusiasts and tradespeople will appreciate the large 27' x 31' detached garage/workshop with high ceilings, perfect for vehicle lifts with plenty of space to work. Additionally, the beautifully established, productive vegetable garden, a thriving variety of fruit trees, and a dedicated greenhouse, allows you to enjoy a self-sustaining lifestyle today while holding a premier piece of tomorrow's urban growth. (id:62865)
Status
Active
Year Built
1972
Property Type
Manufactured Home
Ownership
Freehold
Parking Spaces
12
Annual Tax
$6,414
Zoning
Residential
Parcel Number
001-082-540
Data Source
Vancouver Island Real Estate Board
Bedrooms
4
Bathrooms
2
Living Area
1616 square feet
Appliances
Lot Size
3.01 acres
Lot Features
Heating
Heat Pump
Cooling
Wall unit, Air Conditioned
$2,267,000
Office
Royal LePage-Comox Valley (CV)
Loan Amount:
$1,813,600
Estimated Monthly Payment:
$8,838
This is an estimate for informational purposes only. Consult with a financial advisor.
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