Waterfront at this price??? $280,000 for a place to put a dock that you can actually access 32 km of Lake Cowichan 24/7 is amazing!! Yes the building is old but with very little work it can pay for its self! Just expand the rental to a four bedroom, make it funky and you can expect $1300 a month. Maybe add another $15k and create another bachelor suite in the middle rent that for $600. Then you still have a basement and a big commercial store front, perfect to start a tubing business! Lots of room to store tubes all you need is a decent dock. Then in 10-15 years after it is all paid for build a nice place!