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Currently it is zoned F1 which allows for the 2 homes in Malahat, British Columbia

# Bath
5
Sq Ft
3900
# Bed
6
This is an excellent opportunity to purchase a 40 acre piece of land in the popular Shawnigan Lake area of Victoria. This land can be a lot of things. Currently it is zoned F1 which allows for the 2 homes that are now on the property, But you could easily rezone the property to I1 which allows for the land to be sub-divided into 2 acre parcels. Imagine 19 -2 acre fenced storage lots that you rent out for 500.00 a month, people can store a lot of things in a fenced 2 acre storage area. 500 a month x 19 lots is 9,500 a month in revenue. Your taxes are only 6,000 annually. 9,500 a month x 12 months = 114,000.00 a year Currently this property is set up with an in-law suite or rental suite.
All listing information posted and provided by Jan Ostrowski at Pemberton Holmes.

$2,100,000
Seller:
Type: Houses for sale
Province: British Columbia 
City: Malahat 
Category: Houses for sale
Houses for sale in British Columbia
This ad is older than 2 months.
View similar ads: Houses for sale, Houses for sale in British Columbia