LOT A ULVERSTON AVENUE
Vancouver Island · V0R1S0
$2,750,000
About this residence
One of the last available large development properties in Cumberland. This 6.5 acre lot has 1000 ft of frontage along Ulverston Avenue. It sits in-between industrial properties across Ulverston and neighbourhoods to the south and west, including the designated intensive residential area on Carlisle Lane. Directly to the west of the property is Ravenwood Park. Current zoning is R1 but the Official Community Plan designates this lot as mixed land use, which can be either multi-family residential - with densities greater than 15 unites per acre - commercial, or mixed use. Could be anything from an apartment block, to row houses, to a storage complex, to Cumberland's version of Tin Town with commercial at grade and residential above. Power runs the length of the property and sewer and water are at the lot line. An easy walk to the main shopping and cultural centre on Dunsmuir, close to the Village Park, BMX track, and all the mountain biking/hiking trails of the Cumberland Forest. (id:61366)
Property details
- Property type
- Other
- Style
- Other
- Ownership
- Freehold
- Lot size
- 6.6
- Annual tax
- $4,597
- MLS®
- 928539
- Board
- Vancouver Island
- Status
- Active
- Listed
- Apr 10, 2023
- Updated
- Sep 30, 2025
Financing
Estimated monthly payment
$12,861/mo
Loan amount
$2,200,000
Down payment
$550,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V0R- 72,310
- Population
- 51
- Median age
- $77,500
- Median income
- $680,000
- Median home value
- 82%
- Home ownership
- 26 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for LOT A ULVERSTON AVENUE?
LOT A ULVERSTON AVENUE is listed for $2,750,000, in Vancouver Island.
What type of home is LOT A ULVERSTON AVENUE?
LOT A ULVERSTON AVENUE is a Other, Other.
How large is LOT A ULVERSTON AVENUE?
The home offers a lot measuring 6.6.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $12,861. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,597 per year.
What is the Vancouver Island area like?
Vancouver Island has a population of about 72,310, a median age of 51, a 82% home-ownership rate, with an average commute of about 26 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $680,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $77,500.
Similar residences
Comparable Other near Vancouver Island at a similar price.
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