$5,300,000
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5.92 Acres Lot
SOLD DATE : 05/22/2024
Key Details
Sold Price $5,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 919221
Sold Date 05/22/24
Rental Info Unrestricted
Year Built 1990
Annual Tax Amount $23,566
Tax Year 2022
Lot Size 5.920 Acres
Acres 5.92
Property Description
Last remaining large development property located directly across Bell McKinnon Road from the
new $887 million Cowichan District Hospital site. The hospital project has been officially announced
and site preparation is underway. The property is approximately 5.92 acres and directly west of the hospital
site. The future land use of the Property is defined within the Bell McKinnon Local Area Plan. The
LAP designates the entire Property as "Residential High (RH)" which encourages substantial
building density on the Property for residential uses. The RH designation in the LAP suggests
development of up to 5 storeys and maximum 2.5 Floor Area Ratio provided certain parking
requirements are met. Further details available.
Location
Province BC
County Duncan, City Of
Area Du East Duncan
Zoning R1
Interior
Heating Forced Air, Heat Pump
Cooling Air Conditioning
Exterior
Exterior Feature Balcony/Patio, Garden, Swimming Pool, Water Feature
Utilities Available Cable To Lot, Electricity To Lot, Phone To Lot
Building
Lot Description Acreage, Easy Access, Irregular Lot, Private, Sloping, Wooded Lot
Story 1
Sewer Septic System
Water Municipal
Structure Type Frame Wood,Insulation All,Vinyl Siding
Others
Tax ID 006-378-153
Ownership Freehold
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Bought with Pennyfarthing Management Corp.