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  • Sold
SOLD | Multi-Family Development Site - #1
SOLD | Multi-Family Development Site - #2

For Sale

$3,295,000 CAD

SOLD

This is an opportunity to acquire a zoned and serviced development property in proximity to and overlooking downtown Duncan. High Density Multi-Family city zoning allows for up to 5 Storeys of height and up to 100 units depending on use. Land area totals 31,200 sq ft (120’x260’) comprised of 4 separate lots. Maximum Floor Area Ratio up to 3:1= 93,600 sq.ft. of building area. Prospective purchasers are encouraged to speak with the City of Duncan municipal staff regarding potential development.

This site is perfectly situated only steps from downtown Duncan and all commercial amenities including the local Farmers Market, Duncan Aquatic Centre, retail centres, coffee shops, etc. Just 65 km north of the City of Victoria, and 46 km south of the City of Nanaimo. The Property is easily accessed from mainland British Columbia and national and international points of departure via three BC Ferry terminals and two airports located in Victoria and Nanaimo. The Property is less than 700 metres from the Trans-Canada Highway and Highway 18, allowing convenient access to the growing community of Lake Cowichan and west coast communities of Port Renfrew and Sooke.
  • 03-09-2022
  • Sold