1405 Fisher Rd Cobble Hill, British Columbia V8H 0H7

$995,000

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:46156)

Property Details

MLS® Number	1014467
Property Type	Multi-family
Neigbourhood	Cobble Hill
Features	Corner Site
Parking Space Total	3
Plan	Vip19424

Building

Constructed Date	1957
Cooling Type	None
Heating Type	Baseboard Heaters
Size Exterior	918 Sqft
Type	Multi-family

Land

Access Type	Road Access
Acreage	No
Size Irregular	0.7
Size Total	0.7 Ac
Size Total Text	0.7 Ac
Zoning Description	R3
Zoning Type	Unknown

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