10862 Chemainus Road, Ladysmith, BC

1,640 ft²
Other
N/A
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The Space
Available Space1,640 ft²
MLS® ID841419
ZoningC-2A
Year Built2018
SourceVictoria Real Estate Board

See Remarks
Transit Nearby
Cleared
Curb & Gutter
Level
Landscaped
Park Setting
Recreation Nearby
Rural Setting
Shopping Nearby

The Building

Stocking Creek Village is an exciting development opportunity supported by positive demographics, new business realities, existing tenancies and an optional implementation-ready expansion plan. This 1.4-acre investment/development parcel has one finished and leased building and a second building (approximately 1,600 sq. ft.) that is approved and designed with the foundation installed. The existing phased Development Permit allows these two large buildings and the option to build 14 small buildings if a developer/builder elects to proceed with the optional phases. The site’s C-2A zoning permits multiple commercial uses. The $749,000 asking price compares favourably to the $870,000 value from a June 2020 independent appraisal. Forecast development profits are generous and are not reflected in the appraised value. For a purchase price of $995,000, the Vendor will complete the second large building at its expense.

Property TypeOther
Building Size1,640 ft²
Lot Size1.57 AC
MLS® ID841419
ZoningC-2A
Year Built2018

See Remarks
Transit Nearby
Cleared
Curb & Gutter
Level
Landscaped
Park Setting
Recreation Nearby
Rural Setting
Shopping Nearby
Sorry, this listing is no longer available
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