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Dylon Paul

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Dan Chatfield Paradigm Group Commercial Real Estate Services

$ 3,000,000

Est. payment -/mo

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Active

2999 Drinkwater Rd Duncan, BC V9L 6C6

0.69 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1041858

HOA Y/N No

Annual Tax Amount $31,706

Tax Year 2026

Lot Size 0.690 Acres

Acres 0.69

Property Sub-Type Unimproved Land

Property Description

An exciting development opportunity in the heart of the thriving Cowichan Valley. This fully entitled site is zoned CD26 for a 6-storey apartment building at 2.5:1 FSR (75,903 SF), with all rezoning conditions satisfied and registered on title, giving developers a remarkable head start. Perfectly positioned on a prime intersection directly across from Cowichan Commons, the site enjoys outstanding visibility alongside Walmart, Canadian Tire, and Home Depot in one of the region's most dynamic commercial hubs. There are significant market fundamentals with a low 3.0% vacancy rate and demand for 2,172 new homes projected over the next five years. Add the transformative $1.45 billion hospital replacement fueling sustained population and employment growth, and the long-term outlook is truly compelling. This is an exceptional acquisition for developers and investors ready to capitalize on one of Vancouver Island's fastest-growing markets.

Location

Province BC

County North Cowichan, Municipality Of

Community Du West Duncan

Area Duncan

Zoning CD26

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Street Surface Paved

Garage No

Building

Lot Description Central Location, Easy Access, Serviced

Sewer Sewer To Lot

Water Municipal

Others

Restrictions ALR: No

Ownership Freehold

Acceptable Financing Clear Title

Listing Terms Clear Title

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

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