Incredible 1.0 acre development property backing onto $1.5 Billion Cowichan District Hospital & located within the Bell McKinnon Local Area Plan which designates the entire Property as "Residential Med (RM)" promoting 2-3 storey townhouses and duplex/triplex development. The future RM designation in the LAP suggests development of up to 3 storeys and maximum 1.2 Floor Area Ratio provided parking requirements are met. North Cowichan is planning for a sewer connection as some point in the near future which (after connection and removal of current septic field) could make the 1 acre plot sub-dividable. Current 3 bed 2 bath home is 2216 square feet and renovated. Buy now for potential development, invest in a rental and future development profits, or purchase an exquisitely maintained home that could possibly be sub divided for both rental and or living as well as development potential. Interior photos on request. Buyers to do their own due diligence about subdivision and development.
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Land, Building
Lease Type:
Sale Price
Listing General Location:
Du East Duncan, Duncan
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
1 acre(s)0.4 hectare(s)
Total Building Area:
2,216 sq. ft.206 m2
Fireplace:
No
From TCH Northbound turn right onto Bell McKinnon and right onto Ortona
Data was last updated December 12, 2024 at 12:05 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:
94
Min days on market:
3
Max days on market:
533
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.