This partially cleared idyllic 7.77 acre rural property currently has seven dwelling units on it, in various stages of habitability. As there is a zoning variation of Affordable Housing Dwelling Units in place for this property, there is tremendous opportunity here for a new Affordable Housing Agreement to be developed in consultation with the LTC as the old one has been legally removed from the title. Single family residential use on this land is also available to a buyer. The location is ideal, just minutes to Ganges and a short 25 minute drive to Fulford Harbour. The land comprises a pleasant mix of sunny level land and natural forested areas. Do not walk the property without express permission, and only then when accompanied by a licensed Realtor.
Address
584 Rainbow Rd
List Price
$699,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Gulf Islands
Sub-Area
GI Salt Spring
Floor Area
1,234 Sq. Ft.
Lot Size
338461.2 Sq. Ft.
Lot Size (Acres)
7.77 Ac.
MLS® Number
969165
Listing Brokerage
Macdonald Realty Victoria
Basement Area
Unfinished
Postal Code
V8K 2M8
Tax Year
2024
Features
Baseboard, Electric
Amenities
Acreage, Cleared, Irregular Lot, Private, Rectangular Lot, Rocky, Rural Setting, In Wooded Area