APPROVED 3-LOT SUBDIVISION & HOME WITH DEVELOPMENT PERMIT – Unique opportunity to buy a single-family home on 0.70 acres (30,492 sq. ft.), then subdivide into three separate lots, each with its own title. At the finish line of a 2-year application, now fully approved with development permit issued June 4, 2026. Final step: installing utility boxes at the lot line. Engineered servicing plans complete and submitted; installer on standby if the buyer wishes to proceed. Stunning property in the heart of Cobble Hill property with mature landscaping and high-producing apple, pear, cherry, and plum trees. Optimal build conditions – cleared, open fields enjoying all-day sunshine, with excellent drainage & excavation qualities, and no environmental, riparian, or other building restrictions beyond standard zoning. R3 zoning allows a primary home, plus one suite or carriage home – up to 6 dwelling units total. Detailed package with all documentation & utility cost breakdown available on request.
Data was last updated June 11, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$2,124,900
Min list price:
$649,000
Max list price:
$19,999,900
Avg days on market:
64
Min days on market:
1
Max days on market:
282
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.