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Listing by Amandeep Singh William Wright Commercial Real Estate Services
$ 1,650,000
Est. payment | /mo
1.07 Acres Lot
$ 1,650,000
Est. payment | /mo
1.07 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1015562
HOA Y/N No
Annual Tax Amount $8,229
Tax Year 2024
Lot Size 1.070 Acres
Acres 1.07
Property Sub-Type Multi Family
Property Description
Attention Developers & Investors! This is an exceptional opportunity to acquire a prime 1.07-acre residential development site in the heart of the Cowichan Valley, Duncan, BC. Strategically located at Keystone Drive and Cowichan Lake Road, just north of the Cowichan District Hospital and only +/- 1.7 KM west of Duncan City Centre in a well-established residential area, the property is zoned R8 – Residential Multi-Family Apartment Zone allowing for a 1.0:1 FSR or approximately 46,600 buildable SQFT. Ideally situated just a 10-minute drive from the brand-new Cowichan District Hospital, this site offers strong future demand and growth potential. Adding further value, a Vendor Take Back mortgage is available at 80% Loan to Value, providing flexible financing options for qualified buyers—don't miss this rare and time-sensitive opportunity in one of Vancouver Island's fastest-growing communities.
Location
Province BC
County North Cowichan, Municipality Of
Community Du West Duncan
Area Duncan
Zoning R8 - Residential Multi-Fa
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N false
Garage No
Building
Lot Description Cleared, Corner Lot, Sloped
Others
Ownership Freehold
Acceptable Financing VMC/VTB
Listing Terms VMC/VTB
Nearby Locations
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