$2,200,000

Investment For Sale In Duncan, British Columbia

$2,200,000

Property Information:

Multi Family development site defined in the Core Village area of the Bell McKinnon Local Area Plan (LAP). The LAP identifies this property as potential Residential-Med (2 -3 storey townhouses and duplex/triplex). A block away from the Cowichan Commons shopping center and in close proximity to the Cowichan District Hospital (CDH) site. The construction of the CDH is an approx. $885 million project; construction started in late 2022. The area is seeing significant growth and development with addt'l significant infrastructure projects under construction, including a new high school and several addt'l commercial and residential projects. The Cowichan Valley is seeing an influx of population growth due to the attractive lifestyle, affordability, vibrant job market, high quality of life and its close proximity to Langford/Victoria. The property has a small residence that is not valued as part of this offering-rented $950/month-value is land only. Present zoning is R1.

Property Features:

  • Annual Tax Amount: $9,425
  • Floor Space (approx): 1072 Square Feet
  • Lot Features: Acreage, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Level, Near Golf Course, No Through Road, Park Setting, Pasture, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Rural Setting, Shopping Nearby, In Wooded Area
  • Lot Frontage: 130680 Square Feet
  • Lot Size: 3.00 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Utilities: See Remarks
  • View: Mountain(s), Valley
  • Water Source: Municipal, Other
  • Zoning: R1 (Residential Rural)
  • Sewer: Other

Courtesy of: Coldwell Banker Oceanside Real Estate

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