This 0.4-acre parcel is located on Dunsmuir Avenue in the heart of Cumberland, near all the shopping and amenities of this iconic village. The land comes with a 1-bed 1-bath home with a Wett certified wood stove and the historic ILO ILO theatre. The theatre is a unique opportunity that has a rich past and a future as a community hub. The zoning Vcmu-1 allows for "a variety of things" including but not limited to office, all forms of retail, restaurant, licensed premises, motel, hotel, farmer's market, professional and personal services. Apartment dwelling units are sanctioned for residential space. In recent years the theatre has had upgrades to the roof, foundation, septic and the addition of a 600-amp electric panel. There are no asbestos issues and a large storage area in the basement. Cumberland is a highly sought-after locale with ease of access to world class mountain bike trails, Comox Lake and Mt Washington. The possibilities and location cannot be duplicated. Call today.