COBBLE HILL DEVELOPMENT PROPERTY. Fully serviced, level & cleared 0.7 ac. corner lot w/ multiple access points. Flexible paths forward for immediate or phased development. Property features an updated 2B/1B dwelling to support conventional mortgage financing (vs. bare land) & increase post subdivision lot value. Home can serve as a primary or secondary home if future owners wish to build (prev. rented for $2,200/mo). Preliminary approval secured for a 3-lot subdivision per current R3 zoning (900 m² lots) with no park dedication required. Property is designated “Compact Suburban” in the CVRD’s newly adopted OCP, w/ rezoning expected in 2025/26. CS zoning will support higher density - up to 8 lots (333 m²) - including duplexes & multi-unit. Buyers may continue with the current application (and explore a second/future subdivision), or hold/redesign plans in alignment with the OCP. Several unique outbuildings including detached A-frame/office & studio can remain or be removed if preferred. (id:60457)

Date	Status	Price	Change
2024-Dec-14	Listed	$1,250,000	-2.0%
2024-Nov-27	Price Change	$1,275,000	-1.8%
2024-Oct-31	Listed	$1,299,000	-
R2847392 - Royal LePage West Real Estate Services
2023-Aug-21	Sold	$1,150,000	-2.1%
2023-Aug-09	Price Change	$1,175,000	-2.0%
2023-Jul-14	Listed	$1,199,000	-
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2022-Mar-17	Sold	$985,000	-1.4%
2022-Mar-04	Listed	$999,000	-
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2021-Sep-11	Sold	$825,000	-2.8%
2021-Aug-27	Listed	$849,000	-
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