Property Description
Rare opportunity to acquire a 1.04 acre parcel of development land within a 5 minute walk of downtown Cumberland. High exposure site on primary access road into village. Designated for townhouse use in the Official Community Plan. 800m from schools, parks, restaurants and grocery stores. R-1A zoning allows short-term rentals in multiple dwellings on the property; 1 single family house, 1 secondary suite and 1 accessory dwelling unit. Potential to subdivide parcel into 3,500 sqft lots and hold remaining land for future development. Improved with recently renovated, live in ready 4 bedroom house with 2 car garage. Unique inflation-hedge investment asset benefitting from the continued growth of Cumberland.
Full Address
4703 Cumberland Rd, Cumberland BC V0R 1S0
Property Type
Single Family Detached
Annual Tax Amount
$3,761.03
Lot Features
Acreage, Central Location, Recreation Nearby, Rectangular Lot
Exterior Features
Balcony/Deck
Heating
Forced Air, Natural Gas
Basement
Not Full Height, Walk-Out Access
Listing by RE/MAX Ocean Pacific Realty (Crtny)
Listing information last updated: Fri Mar 25 2022 09:24:26 GMT+0000 (Coordinated Universal Time)
