40 & 50 CORONATION DUNCAN

West Duncan neighbourhood of Duncan British Columbia Canada V9L 2S7
$1,695,000

40 & 50 CORONATION DUNCAN

  • Price: $1,695,000
  • MLS Number: 888198
  • Square Footage: 5183 Sq Ft
  • Property Type: Single Family

LOCATION! LOCATION! Prime Development site/holding property; or enjoy private, park like, Downtown Duncan living. Three large lots with two updated, well maintained, 3 bedroom character homes currently rented to excellent tenants. Zoned “Neighbourhood Commercial” allowing Commercial & Multi-Family development; up to 4 Storey. Potential to rezone to higher density 5 or 6 storey (Buyer to confirm with the City of Duncan). Several potential uses & options. Recent clean Phase 1 Environmental Study including APEC investigations & Asbestos Clearance Certificates available. Level .67 acre, 29,243 sq ft, total site area with great views. House updates include: vinyl thermal windows, new attic insulation, natural gas heat, & rewiring with new 200 amp services. Annual Rents: $54,324. Potential for additional income by renting large vacant backyard with separate driveway & double carport with workshop/storage. No GST. A sound investment & a very rare opportunity in the beautiful Cowichan Valley.

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Listing Brokerage: Sutton Group-West Coast Realty (Dunc)
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