Multi Family home located in Malahat & Area
MLS #1039996
Listed by Coldwell Banker Oceanside Real Estate
- Built in: 1957
- Type: Commercial Sale
- Cooling: None,
- Heating: Baseboard,
- Foundation Details: Pillar/Post/Pier, Slab,
- Lot Size: 0.7 acres
- Total Parking: 3
- Parking Features: On Site,
- Features: Corner Lot,
- Zoning: R3
Description
APPROVED 3-LOT SUBDIVISION & HOME WITH DEVELOPMENT PERMIT – Unique opportunity to buy a single-family home on 0.70 acres (30,492 sq. ft.), then subdivide into three separate lots, each with its own title. At the finish line of a 2-year application, now fully approved with development permit issued June 4, 2026. Final step: installing utility boxes at the lot line. Engineered servicing plans complete and submitted; installer on standby if the buyer wishes to proceed. Stunning property in the heart of Cobble Hill property with mature landscaping and high-producing apple, pear, cherry, and plum trees. Optimal build conditions – cleared, open fields enjoying all-day sunshine, with excellent drainage & excavation qualities, and no environmental, riparian, or other building restrictions beyond standard zoning. R3 zoning allows a primary home, plus one suite or carriage home – up to 6 dwelling units total. Detailed package with all documentation & utility cost breakdown available on request.