Incredible opportunity for families and developers alike! This unique 1.03 acre property is only a short 5 minute walk to downtown Cumberland, and has a recently renovated 4 bedroom, 1 bathroom home that is move-in ready. This home has lots of natural light, a massive backyard, and a double garage for all your storage needs. Cumberland is one of the best mountain biking towns in BC. The vibrant village is rich with culture, festivals, 80 km of single-track riding trails, breweries, restaurants, shops, and easy access to Comox Lake. This property has huge potential: subdividable into 3 lots (approved by the Village) and is benchmarked for future townhome development in the Community Plan. The possibilities are endless! There are two access points (a second from the rear lane) and the zoning allows for the construction of a separate carriage house and a third rental suite on each of the three subdivided lots. It is currently rented for $3000/month on a month-to-month basis.