For Sale
6707, 6715 & 6721 BELL MCKINNON ROAD, NORTH COWICHAN
For Sale
Property ID:
$3.800.000
377
Property size:
1.5 Acres
Structure:
Bedrooms
Accommodation:
Heating:
Specification
Bedrooms:
Bathrooms:
Property size:
1.5 Acres
Floor:
Total floors:
Year Built:
Heating:
Accommodation:
Ceiling height:
Parking:
From center:
Publication date:
Area size:
1.5 Acres
Garages:
Garages size:
Additional space:
Features
Parking
Signage Opportunity
Restaurant Venting
High Ceilings
Ample Exposure
Corner Location
Fully Improved
Shell Space
Redevelopment Potential
Centrally Located
Brand New
Developing Area
Townhouse site
Apartment site
Location
Full Address:
6715 Bell McKinnon Rd, Duncan, BC V9L 6B7, Canada
Simple Address:
Postcode:
Country:
CA
Description
OPPORTUNITY:
Presenting the exceptional opportunity to acquire three single family lots for a total of 1.5 acres of residential redevelopment land in the emerging Bell McKinnon neighbourhood of North Cowichan. This site’s land use designation encourages high-density residential development, allowing for the construction of 3-5 storey apartments or multifamily residential, plus a mix of townhomes making it an ideal investment for developers. Strategically situated just steps away from the new Cowichan District Hospital Project currently underway, this site is poised to benefit from the ongoing servicing being constructed along Bell McKinnon Road for the Project. This presents a favourable outlook for development and future growth.
HOUSING SHORTAGE
The Cowichan Regional Housing Needs report for 2021 found that the housing density in the Cowichan Region is notably lower compared to other regions in British Columbia. Insufficient land supply has made it difficult to meet the increasing demand for both rental and purchase options, and the existing housing are not aligned with the needs of residents. As a result, the Economic Development Cowichan organization has launched an initiative to address the housing scarcity. According to the Cowichan Regional Housing Needs Assessment report, the region needs around 4,955 new housing units by 2025 to fulfill the housing requirements of its growing population.
PROPERTY SUMMARY:
PROPERTY ADDRESS
6721 Bell McKinnon Road, North Cowichan, BC
6715 Bell McKinnon Road, North Cowichan, BC
6707 Bell McKinnon Road, North Cowichan, BC
PID
003-426-653
003-138-305
002-821-214
SITE SIZE
1.5 acres
LAND USE DESIGNATION
Residential High Density
CURRENT ZONING
R1 – Residential Rural Zone
CURRENT USE
Three (3) Single Family Detached (owner-occupied)
* Potential to purchase neighbouring property for a total of 2 acres
PROPERTY FEATURES:
- Size: 1.5 acres
- Residential High(RH) Land use provides higher density residential development areas with a mix of townhomes and multifamily residential with high quality public open space.
- Near proximity to new Cowichan District Hospital site
- Servicing brought up Bell McKinnon to hospital site
Asking Price: $3,800,000.00
