Multi-family for sale

2794 & 2796 Herd Rd, Duncan

$7,250,000 or
$7,250,000 or

Multi-family for sale

2794 & 2796 Herd Rd, Duncan

Features

Lifestyle
920510 7250000 /en/multi-family~for-sale~duncan/920510?view=Summary /en/multi-family~for-sale~duncan/920510/photos 48.8192900000 -123.7087500000 true
Lot Size
243,500 sqft
Gross Property Tax
$18,757.60 /year
Zoning
A2
Additional Features
Acreage, Easy Access, Irregular Lot, Level
4

Description

5.59 acre development property located steps away from the new $887 million Cowichan District Hospital project. The new hospital has been officially announced and site preparation is underway. The future land use of the Property is defined within the Bell McKinnon Local Area Plan which designates the entire Property as "Residential Med (RM)" encouraging 2-3 storey townhouses and duplex/triplex development. The RM designation in the LAP suggests development of up to 3 storeys and maximum 1.2 Floor Area Ratio provided certain parking requirements are met. The site topography is flat and easy to develop. The property is improved with two single family dwellings and a detached garage offering potential holding income for buyers. All measurements are approximate and buyers are to verify measurements if important. Contact listing agent for further details.
MLS® Number 920510

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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