689 Shawnigan Lake Road, Shawnigan Lake, British Columbia V0R 2L0

For Sale

  • 1st Home on the Property
  • 2nd Home on the Property
  • Lots of Grassy Areas
  • Private Road to Building Sites
  • Lots of Trees
  • 40 Acres
  • Great Building Sites
  • Lots of Original Growth
  • Wide Open Spaces
  • You Can Walk Forever
  • Beautiful Raw Land
$2,700,000 CAD
  • 5 Beds
  • 5 Baths
  • 3,900 Sqft
  • 40 ac Lot Size
  • Residential
Open House
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Property Summary for 689 Shawnigan Lake Road

Lot Size
40 Ac
MLS® Number
Year Built
4,608 CAD (2015)
Cowichan Valley
Postal Code
V0R 2L0

Description for 689 Shawnigan Lake Road

This is an excellent opportunity to purchase a 40 acre piece of land in the popular Shawnigan Lake area of Victoria. This land can be a lot of things. Currently it is zoned F1 which allows for the 2 homes that are now on the property, But you could easily rezone the property to i1 ( light industrial ) which allows for the land to be sub-divided into 2 acre parcels. Imagine 19 -2 acre fenced storage lots that you rent out for 500.00 a month, people can store a lot of things in a fenced 2 acre storage area. 500 a month x 19 lots is 9,500 a month in revenue. Your taxes are only 6,000 annually. 9,500 a month x 12 months = 114,000.00 a year. Lease out the rental bins for 10 years at 1,140,000 or even 20 years at 2,280,000 and then either develop the land into an industrial park or sell the land for large profits. I can only imagine what 40 acres in the Shawnigan Lake area will be worth 20 years from now. \rCall Lew Poulin , Realtor, Pemberton Holmes Real Estate @ 250 507 1546
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Listing provided by Point2 Agent

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