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.
Data was last updated September 19, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$1,099,000
Min list price:
$214,999
Max list price:
$5,290,000
Avg days on market:
62
Min days on market:
1
Max days on market:
437
Avg price per sq.ft.:
$488.3
These statistics are generated based on the current listing's property type
and located in
ML Cobble Hill. Average values are
derived using median calculations. This data is not produced by the MLS® system.