Multi-family for sale

6508 Norcross Rd, Duncan

$7,475,000 or
$7,475,000 or

Multi-family for sale

6508 Norcross Rd, Duncan

Features

Lifestyle
940255 7475000 /en/multi-family~for-sale~duncan/940255?view=Summary /en/multi-family~for-sale~duncan/940255/photos 48.8073300000 -123.7143100000 true
Lot Size
271,379 sqft
Gross Property Tax
$5,091.51 /year
Zoning
R1
Additional Features
Acreage, Easy Access, Level

Description

6.23 acre development property strategically located steps away from Cowichan Commons Shopping Centre and the new $1.5 Billion Cowichan District Hospital project which is now under construction. Upgrades to municipal services for the hospital project are slated to start shortly providing developers direct access to both municipal water and sewer. 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. Contact listing agent for further details.
MLS® Number 940255

Listing REALTORS®

Brad Archibald, REALTOR<sup>®</sup>

Brad Archibald

REALTOR®

Colliers International (Nan)

Brad Bailey, REALTOR<sup>®</sup>

Brad Bailey

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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