Multi-family for sale
2794 & 2796 Herd Rd, Duncan
$7,250,000
Features
Lot Size
243,500 sqft
Gross Property Tax
$18,757.60 /year
Zoning
A2
Additional Features
Acreage, Easy Access, Irregular Lot, Level
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