ACCEPTED OFFER S/O 05/21/24 - Discover an exceptional real estate opportunity with this 0.55-acre property, partially fenced and strategically located within the Bell McKinnon Local Area Plan, a prime growth and development zone designated by the Municipality of North Cowichan. Boasting C2 zoning, this property presents endless possibilities for businesses with its current allowance of 100% lot coverage. The existing office building comes with abundant parking and a bonus one-bedroom apartment, offering an attractive rental income potential. The property is turnkey and conveniently situated just a short stroll away from the Cowichan Commons shopping center. The seller has recently secured an Approved Development Permit to construct a new accessory building spanning 2817 sqft. The proposed site coverage is a modest 19.2%, well below the allowed 100%, providing room for expansion and further development. Act now to seize this lucrative investment opportunity, this is priced to sell.
Data was last updated December 7, 2024 at 06:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,544,450
Min list price:
$380,000
Max list price:
$14,800,000
Avg days on market:
67
Min days on market:
4
Max days on market:
502
These statistics are generated based on the current listing's property type
and located in
Du West Duncan. Average values are
derived using median calculations.