6.23 acre development property strategically located steps away from Cowichan Commons Shopping Centre and the new $1.5 Billion Cowichan District Hospital project which is now under construction. Upgrades to municipal services for the hospital project are slated to start shortly providing developers direct access to both municipal water and sewer. The future land use of the Property is defined within the Bell McKinnon Local Area Plan which designates the entire Property as "Residential Med (RM)" encouraging 2-3 storey townhouses and duplex/triplex development. The RM designation in the LAP suggests development of up to 3 storeys and maximum 1.2 Floor Area Ratio provided certain parking requirements are met. The site topography is flat and easy to develop. Contact listing agent for further details.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Du East Duncan, Duncan
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
6.23 acre(s)2.52 hectare(s)
Taxes:
$5,091.51 /
2021
Commercial Area:
Not Applicable
Water supply:
Municipal
Sewer:
Septic System
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
3818900.0
Assessment year:
2023
Jurisdiction name:
District of North Cowichan
Legal Description:
Lot 4, Plan VIP4113, Section 5, Range 5, Somenos Land District, Except Plan VIP8121, & EXC VIP23860 & EXC PART IN RED ON PL VIP1365R & EXC PCL A (DD F32625) THEREOF
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Listed by Colliers International (Nan)
Data was last updated December 22, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$3,000,000
Min list price:
$175,000
Max list price:
$9,475,000
Avg days on market:
95
Min days on market:
13
Max days on market:
543
These statistics are generated based on the current listing's property type
and located in
Du East Duncan. Average values are
derived using median calculations.