$1,250,000
$1,250,000
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0.4 Acres Lot
SOLD DATE : 09/16/2021
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 795885
Sold Date 09/16/21
Year Built 1933
Annual Tax Amount $5,929
Lot Size 0.400 Acres
Acres 0.4
Property Description
This 0.4-acre parcel is located on Dunsmuir Avenue in the heart of Cumberland, near all the shopping and amenities of this iconic village. The land comes with a 1-bed 1-bath home with a Wett certified wood stove and the historic ILO ILO theatre. The theatre is a unique opportunity that has a rich past and a future as a community hub. The zoning Vcmu-1 allows for "a variety of things" including but not limited to office, all forms of retail, restaurant, licensed premises, motel, hotel, farmer's market, professional and personal services. Apartment dwelling units are sanctioned for residential space. In recent years the theatre has had upgrades to the roof, foundation, septic and the addition of a 600-amp electric panel. There is a large storage area in the basement. Cumberland is a highly sought-after locale with ease of access to world class mountain bike trails, Comox Lake and Mt Washington. The possibilities and location cannot be duplicated. Call today.
Location
Province BC
Area Cv Cumberland
Zoning VCMU - 1
Exterior
Exterior Feature Sign: Allowed, Storefront
Building
Lot Description Cleared, Sloping
Others
Tax ID 027-603-407
Ownership Freehold
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Bought with Macdonald Commercial Real Estate Services Ltd