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 October 5, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$1,175,000
Min list price:
$219,900
Max list price:
$5,995,000
Avg days on market:
83
Min days on market:
10
Max days on market:
338
These statistics are generated based on the current listing's property type
and located in
Malahat & Area. Average values are
derived using median calculations. This data is not produced by the MLS® system.