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Lot A Ulverston Ave
CV Cumberland Cumberland V0R 1S0

$2,750,000
Commercial Sale

Main Photo: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
Photo 1: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
Photo 2: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
Photo 3: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
928539
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.
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
CV Cumberland, Comox Valley
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6.597 acre(s)
Taxes:
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Village of Cumberland
Legal Description:
Zoning:
RU-1
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Apr 04, 2023
Original Price:
2700000.0
  • Photo 1: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
    Photo 1 of 3
  • Photo 2: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
    Photo 2 of 3
  • Photo 3: Lot A Ulverston Ave in Cumberland: CV Cumberland Other for sale (Comox Valley)  : MLS®# 928539
    Photo 3 of 3
Listed by Jeff Nield of Engel & Volkers Vancouver Island North
Data was last updated February 28, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$999,900
Min list price:
$64,000
Max list price:
$5,490,000
Avg days on market:
99
Min days on market:
12
Max days on market:
436
These statistics are generated based on the current listing's property type and located in Comox Valley. Average values are derived using median calculations.
JEFF MEYER
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.