DEVELOPMENT POTENTIAL! This property is rare in that it can actually take advantage of the new higher density regulations now in place! 4 units in two separate buildings is permitted under the new community plan. Realistically, the main house is best suited to the main house with a suite (a second unit in the existing home would require you to bring the entire home up to current standards). The city says a second residence could have two separate strata titled properties. The way this home is sited will easily permit a second residential building to be built. The original 3 bedroom, 2.5 bathroom home is circa 1980 and is clean and move in ready. The retro flair is carried throughout the home so if you enjoy that look, this home is for you. Simply move in and do improvements as you have time & budget. With a little updating, you can have a spectacular home. A suite is easily done as there is already a separate entrance, in fact 2 of them, that will help get that mortgage helper completed in no time. Under the Secondary suite incentive program, homeowners who qualify will receive up to 50% of the cost of renovations, up to a maximum of $40,000. The program will provide a rebate in the form of a forgivable loan—a loan that does not need to be repaid if the homeowner follows the terms of the program. Please go to https://www.bchousing.org/housing-assistance/secondary-suite for complete details. Don't miss out on this wonderful property located in desirable Departure Bay. Its on a bus route with the harbour just a short walk away- two elementary and one secondary school all within walking distance. Grocery store and drug store just a couple of minutes away. Come & view today- you wont be disappointed. Sale subject to probate and probate is expected around the end of September 2024. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Features
Central location, Level lot, Southern exposure, Corner Site, Other, Rectangular
Listing Contract Date
2024-09-13
Municipal ID
000-228-494
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Structures
Shed
Transaction Type
For sale
Zoning Description
R1
Zoning
Residential
Building
Appliances
Refrigerator, Stove, Washer, Dryer
Constructed Date
1979
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
1
Heating Fuel
Electric
Heating Type
Baseboard heaters
Total Finished Area
1944 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Den
Lower level
12'4 x 7'8
Laundry room
Lower level
11'1 x 11'2
Bathroom
Lower level
2-Piece
Bedroom
Lower level
7'9 x 9'11
Bedroom
Lower level
7'10 x 9'8
Recreation room
Lower level
12'2 x 17'3
Workshop
Lower level
7'10 x 3'9
Bathroom
Main level
4-Piece
Ensuite
Main level
3-Piece
Bedroom
Main level
10'6 x 9'6
Bedroom
Main level
10'11 x 8'8
Primary Bedroom
Main level
9'11 x 12'3
Kitchen
Main level
10 ft x Measurements not available
Dining room
Main level
10'6 x 8'6
Living room
Main level
13'9 x 17'5
Land
Total Size
8858 square feet
Access Type
Road access
Size of Irregular Land
8858
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