- Status:
- Pending
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 951108
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.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building, Land
- Lease Type:
- Sale of Assets
- Listing General Location:
- Du West Duncan, Duncan
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0.55 acre(s)
- Taxes:
- $12,418 / 2022
- Building Features:
- Fire Alarm, Kitchen/Staff Room, Laundry Room, Parking, Security System, Storage Room
- Construction:
- Frame Wood, Insulation All, Wood
- Foundation:
- Concrete Perimeter
- Floor finish:
- Carpet, Laminate
- Total Building Area:
- 1,800 sq. ft.
- Commercial Area:
- Other
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Fireplace:
- No
- Fenced, Fencing: Partial, Low Maintenance Yard, Sign: Allowed
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Development Permit available upon request.
- Assessed:
- 983000.0
- Assessment year:
- 2023
- Jurisdiction name:
- District of North Cowichan
- Legal Description:
- Lot 1, Section 4, Range 5, Somenos District, Plan 11255
- Zoning:
- C2
- Lot Site Features:
- Cleared, Easy Access, Level, Pie Shaped Lot, Serviced, Shopping Nearby
- Parking Features:
- On Site
- Total Units:
- 2
- Date Listed:
- Jan 15, 2024
- Original Price:
- 950000.0
-
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Listed by eXp Realty, pending date May 24, 2024
Data was last updated July 7, 2024 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 19
- Avg list price:
- $1,375,000
- Min list price:
- $75,000
- Max list price:
- $14,800,000
- Avg days on market:
- 149
- Min days on market:
- 3
- Max days on market:
- 369
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.
- KRISTIE HAZ
- EXP REALTY
- 1 (250) 8830477
- Contact by Email
KRISTIE HAZ
Personal Real Estate Corporation
Location
Vancouver Island, BC
