Multi-family for sale

2928 Herd Rd, Duncan

$1,800,000 or
$1,800,000 or

Multi-family for sale

2928 Herd Rd, Duncan

Features

Lifestyle
857359 1800000 /en/multi-family~for-sale~duncan/857359?view=Summary /en/multi-family~for-sale~duncan/857359/photos 48.8169200000 -123.7163100000 true
Lot Size
69,696 sqft
Gross Property Tax
$6,161 /year
Additional Features
Irregular Lot, Level, Acreage, Recreation Nearby
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Description

This is an opportunity to acquire a high exposure development property in close proximity to the new Cowichan District Hospital ("CDH ") site. The CDH project has been officially announced and construction will start Spring 2022. The property is approx. 1.6 acres and northwest of the new CDH and only steps away from the #1 and #18 Highway intersection. Development of the property will support the health-care, commercial and residential needs of the new $887 million CDH. The future land use of the Property is defined within the recently approved, award winning Bell McKinnon Local Area Plan ("LAP "). The LAP designates the Property as a combination of "Employment Lands (EL)" and "Residential High (RH)" which encourages further densification of the Property for both commercial, industrial and residential uses. Acquisition of this Property can facilitate additional acquisitions of adjacent residential parcels.
MLS® Number 857359

Listing REALTOR®

Brad Archibald, REALTOR<sup>®</sup>

Brad Archibald

REALTOR®

Colliers International (Nan)

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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