Engel & VölkersEngel & Völkers
Single-story beige house with a bright red front door, white trim, and a concrete walkway on a grassy lot under blue sky. [AI-generated text]

Development Opportunity! Two separate lots with R4-B zoning

CA$640,000~€397,152
  • 12 Rooms
  • 2 Bathrooms
  • ~169 m² Total surface
  • ~136 m² Living area
  • Construction year 1949

Description

This 3-bedroom, 2-bathroom rancher is currently tenanted, so there's income coming in while you decide what's next. It sits on two separate lots totalling roughly 9,583 sq. ft. With a 6-foot partial basement, detached garage, fenced yard and lane access, all in a highly walkable spot close to downtown shops, restaurants, services, recreation and transit. R4-B zoning opens the door to multi-residential and other permitted uses. A completed topographical survey and preliminary architectural work are already in hand, including one concept exploring around 14 missing-middle homes using smaller ground-oriented buildings and the existing lane network. It's a good starting point, or bring your own vision. Courtenay's OCP points to increased downtown density and future 5 to 8-storey buildings in this area. That's long-term planning direction, not current as-of-right now. Any redevelopment would still go through zoning, servicing, design and municipal approvals.
Features
BasementGarage
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Engel & Völkers Courtenay

Your advisor: Aaron Kuehl

Property ID: AM-5532523

Property details
  • Object type

    Detached house

  • Rooms

    12

  • Bathrooms

    2

  • Parking spaces

    2

  • Total surface

    ~169 m²

  • Living area

    ~136 m²

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