5.59 acre development property located steps away from the new $887 million Cowichan District Hospital project. The new hospital has been officially announced and site preparation is underway. The future land use of the Property is defined within the Bell McKinnon Local Area Plan which designates the entire Property as ''Residential Med (RM)'' encouraging 2-3 storey townhouses and duplex/triplex development. The RM designation in the LAP suggests development of up to 3 storeys and maximum 1.2 Floor Area Ratio provided certain parking requirements are met. The site topography is flat and easy to develop. The property is improved with two single family dwellings and a detached garage offering potential holding income for buyers. All measurements are approximate and buyers are to verify measurements if important. Contact listing agent for further details. (26064939)
Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
East Duncan
Annual Property Taxes
$18,757.60 (CAD)
Time on REALTOR.ca
565 days
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