Property Description
Attention Developers & Investors! This is an exceptional opportunity to acquire a prime 1.07-acre residential development site in the heart of the Cowichan Valley, Duncan, BC. Strategically located at Keystone Drive and Cowichan Lake Road, just north of the Cowichan District Hospital and only +/- 1.7 KM west of Duncan City Centre in a well-established residential area, the property is zoned R8 – Residential Multi-Family Apartment Zone allowing for a 1.0:1 FSR or approximately 46,600 buildable SQFT. Ideally situated just a 10-minute drive from the brand-new Cowichan District Hospital, this site offers strong future demand and growth potential. Adding further value, a Vendor Take Back mortgage is available at 80% Loan to Value, providing flexible financing options for qualified buyers—don’t miss this rare and time-sensitive opportunity in one of Vancouver Island’s fastest-growing communities.
Property Details
MLS #:
1015562
ID #:
30011814
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Duncan
Sub-Area:
Du West Duncan
Status:
Active
Lot Size:
1.07 acres
Property Tax:
$8,229 (2024)
Days on Market:
19 days
Listing provided by William Wright Commercial Real Estate Services
Canadian Mortgage Calculator
Mortgage Amount:
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Payment Amount:
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Total Interest:
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Total Cost:
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After 5 Year Term:
Principal Paid:
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Interest Paid:
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Remaining Balance:
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
Annual Payment Breakdown
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