2999 Drinkwater Rd

Du West Duncan Duncan V9L 6C6

An exciting development opportunity in the heart of the thriving Cowichan Valley. This fully entitled site is zoned CD26 for a 6-storey apartment building at 2.5:1 FSR (75,903 SF), with all rezoning conditions satisfied and registered on title, giving developers a remarkable head start. Perfectly positioned on a prime intersection directly across from Cowichan Commons, the site enjoys outstanding visibility alongside Walmart, Canadian Tire, and Home Depot in one of the region's most dynamic commercial hubs. There are significant market fundamentals with a low 3.0% vacancy rate and demand for 2,172 new homes projected over the next five years. Add the transformative $1.45 billion hospital replacement fueling sustained population and employment growth, and the long-term outlook is truly compelling. This is an exceptional acquisition for developers and investors ready to capitalize on one of Vancouver Island's fastest-growing markets.