COBBLE HILL DEVELOPMENT PROPERTY. Fully serviced, level & cleared 0.7 ac. corner lot w/ multiple access points. Flexible paths forward for immediate or phased development. Property features an updated 2B/1B dwelling to support conventional mortgage financing (vs. bare land) & increase post subdivision lot value. Home can serve as a primary or secondary home if future owners wish to build (prev. rented for $2,200/mo). Preliminary approval secured for a 3-lot subdivision per current R3 zoning (900 m² lots) with no park dedication required. Property is designated “Compact Suburban” in the CVRD’s newly adopted OCP, w/ rezoning expected in 2025/26. CS zoning will support higher density - up to 8 lots (333 m²) - including duplexes & multi-unit. Buyers may continue w/ the current application (and explore a second/future subdivision), or hold/redesign plans in alignment with the OCP. Several unique outbuildings including detached A-frame/office & studio can remain or be removed if preferred.
Data was last updated December 28, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$995,000
Min list price:
$190,000
Max list price:
$5,290,000
Avg days on market:
99
Min days on market:
5
Max days on market:
363
Avg price per sq.ft.:
$467.27
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.