Located in the heart of the charming Village of Shawnigan Lake, this R3-zoned property sits within the Official Community Plan, allowing for Village Commercial redevelopment. This flexible zoning permits a variety of uses including a single-family home with suite or a mixed-use building with commercial space below a residence—ideal for investors or developers looking to capitalize on a growing community. Just 10 minutes from the Trans-Canada Highway, Shawnigan Lake offers the perfect blend of small-town charm and accessibility. The lot is only one block from the government docks, beaches, coffee shops, salons, schools, and scenic biking and hiking trails, placing everyday amenities and outdoor adventure at your doorstep. Shawnigan Lake is known for its year-round recreation, including swimming, boating, paddleboarding, and fishing. The area is surrounded by parks such as West Shawnigan Lake and Koksilah River Provincial Park, and is home to the iconic Kinsol Trestle on the Cowichan Valley Trail. This vibrant community also hosts seasonal events and markets that bring residents together throughout the year. Families will appreciate nearby private schools like Shawnigan Lake School and Brentwood College, while food lovers can enjoy local favourites like The Lakehouse and Shawnigan House Coffee + Chocolate. Whether you’re investing, developing, or planning your future home, this property offers unmatched potential in a beautiful and growing lakeside community.