Commercial property for sale

Lot a Ulverston Ave, Cumberland

$2,750,000 or
Commercial property for sale in Cumberland, Cumberland, Lot a Ulverston Ave, 928539 | Realtylink.org
$2,750,000 or

Commercial property for sale

Lot a Ulverston Ave, Cumberland

Features

Lifestyle
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Lot Size
287,365 sqft
Gross Property Tax
$4,597 /year
Zoning
RU-1

Description

One of the last available large development properties in Cumberland. This 6.5 acre lot has 1000 ft of frontage along Ulverston Avenue. It sits in-between industrial properties across Ulverston and neighbourhoods to the south and west, including the designated intensive residential area on Carlisle Lane. Directly to the west of the property is Ravenwood Park. Current zoning is R1 but the Official Community Plan designates this lot as mixed land use, which can be either multi-family residential - with densities greater than 15 unites per acre - commercial, or mixed use. Could be anything from an apartment block, to row houses, to a storage complex, to Cumberland's version of Tin Town with commercial at grade and residential above. Power runs the length of the property and sewer and water are at the lot line. An easy walk to the main shopping and cultural centre on Dunsmuir, close to the Village Park, BMX track, and all the mountain biking/hiking trails of the Cumberland Forest.
MLS® Number 928539

Listing REALTOR®

Jeff Nield, REALTOR<sup>®</sup>

Jeff Nield

REALTOR®

Engel & Volkers Vancouver Island North

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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