Small-to-medium scale development property in Cobble Hill village (fully serviced). Desirable location in the village center with preliminary approval for a 3-lot subdivision per current zoning (R3). Updated 2B/1B home to support financing and increase lot value post subdivision (can function as primary or secondary/rental – previously rented for $2,200/mo.). Additionally, parcel rezoning to “Compact Suburban” in CVRD’s new OCP, due for adoption this fall. CS zoning supports up to 8 lots (333m2 lots vs. 900m2), duplexes, or multi-unit dwellings. Ideal site conditions – level/cleared, excellent excavation/drainage & no known constraints. Optimal sun exposure with private south-facing yards, mature landscaping, and high-producing fruit trees (cherry x4, apple, plum x2, pear). Outbuildings include 2x utility/electrical sheds, a pine-finished A-frame/office w/ vaulted ceilings, and a detached studio (15x18) – outbuildings can be included or removed at Sellers expense.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Year built:
1957
(Age: 68)
Lease Type:
Sale Price
Listing General Location:
ML Cobble Hill, Malahat & Area
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0.7 acre(s)0.28 hectare(s)
Construction:
Cement Fibre, Frame Metal, Vinyl Siding
Foundation:
Pillar/Post/Pier, Slab
Floor finish:
Laminate, Tile, Vinyl
Total Building Area:
918 sq. ft.85.3 m2
Subdivisable Area:
Yes
Water supply:
Municipal
Sewer:
Septic System, Sewer Available
Cooling:
None
Heating:
Baseboard
Fireplace:
No
Electric, Gas
Access the main driveway from Fairfield, not Fisher Road.
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
Duncan Rural (765)
Zoning:
R3
Utilities:
Compost, Garbage, Natural Gas Available, Recycling
Data was last updated September 26, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$1,150,000
Min list price:
$6,775
Max list price:
$5,995,000
Avg days on market:
86
Min days on market:
2
Max days on market:
330
These statistics are generated based on the current listing's property type
and located in
Malahat & Area. Average values are
derived using median calculations. This data is not produced by the MLS® system.