REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Patrick Gunville CBRE Limited
$ 3,750,000
Est. payment | /mo
130,680 SqFt
$ 3,750,000
Est. payment | /mo
130,680 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 130,680 sqft
Price per Sqft $28
MLS Listing ID 1044642
HOA Y/N No
Tax Year 2026
Lot Size 3.000 Acres
Acres 3.0
Property Sub-Type Multi Family
Property Description
CBRE Limited is pleased to present a strategic land banking opportunity in North Cowichan's Bell McKinnon growth corridor. The offering comprises approximately 3.00 acres across two legal parcels, designated Residential – Medium under the Bell McKinnon Local Area Plan, supporting potential residential development of up to approximately 1.2 FAR (approximately 156,816 buildable SF). In our view, today's servicing uncertainty has created a rare opportunity to acquire future development land at a significant discount to fully serviced sites. Bell McKinnon remains one of Vancouver Island's most important long-term growth areas, anchored by the future Cowichan District Hospital and planned residential expansion. For savvy investors this is an opportunity to buy while development land remains temporarily out of favour and position for the next phase of infrastructure investment and market recovery, with the potential to sell into a supply-constrained market as development activity resumes.
Location
Province BC
County North Cowichan, Municipality Of
Community Du West Duncan
Area Duncan
Zoning R1-BM
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N No
Garage No
Others
Restrictions ALR: No
Ownership Freehold
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "