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Listing by Dan Chatfield Paradigm Group Commercial Real Estate Services
$3,000,000
Est. payment /mo
0.69 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1041858
HOA Y/N No
Annual Tax Amount $31,706
Tax Year 2026
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Unimproved Land
Property Description
An exciting development opportunity in the heart of the thriving Cowichan Valley. This fully entitled site is zoned CD26 for a 6-storey apartment building at 2.5:1 FSR (75,903 SF), with all rezoning conditions satisfied and registered on title, giving developers a remarkable head start. Perfectly positioned on a prime intersection directly across from Cowichan Commons, the site enjoys outstanding visibility alongside Walmart, Canadian Tire, and Home Depot in one of the region's most dynamic commercial hubs. There are significant market fundamentals with a low 3.0% vacancy rate and demand for 2,172 new homes projected over the next five years. Add the transformative $1.45 billion hospital replacement fueling sustained population and employment growth, and the long-term outlook is truly compelling. This is an exceptional acquisition for developers and investors ready to capitalize on one of Vancouver Island's fastest-growing markets.
Location
Province BC
County North Cowichan, Municipality Of
Community Du West Duncan
Area Duncan
Zoning CD26
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Street Surface Paved
Garage No
Building
Lot Description Central Location, Easy Access, Serviced
Sewer Sewer To Lot
Water Municipal
Others
Restrictions ALR: No
Ownership Freehold
Acceptable Financing Clear Title
Listing Terms Clear Title
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