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2794 & 2796 Herd Rd
Du East Duncan Duncan V9L 6A3

$7,250,000
Commercial Sale

Main Photo: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Photo 1: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Photo 2: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Photo 3: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Photo 4: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Photo 5: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Photo 6: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
920510
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.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Du East Duncan, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
5.59 acre(s)
Taxes:
$18,757.6 / 2022
Construction:
Frame Wood
Floor finish:
Mixed
Commercial Area:
Not Applicable
Water supply:
Municipal
Sewer:
Septic System
Heating:
Forced Air, Heat Pump, Wood
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Assessed:
3285100.0
Assessment year:
2022
Jurisdiction name:
District of North Cowichan
Legal Description:
Lot K, Plan VIP2758, Section 8, Range 6, Somenos Land District, Except those parts in Plans 4540 5283 and 9743
Zoning:
A2
Legal Non-Conformance:
No
Occupancy:
Owner
Lot Site Features:
Acreage, Easy Access, Irregular Lot, Level
Parking Features:
On Site
Road Surface Type:
Paved
Total Units:
0
Date Listed:
Dec 16, 2022
Original Price:
7250000.0
  • Photo 1: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
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  • Photo 4: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
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  • Photo 5: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
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  • Photo 6: 2794 & 2796 Herd Rd in Duncan: Du East Duncan Multi Family for sale : MLS®# 920510
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Listed by Colliers International (Nan)
Data was last updated July 16, 2024 at 07:30 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,400,000
Min list price:
$549,900
Max list price:
$8,975,000
Avg days on market:
120
Min days on market:
4
Max days on market:
578
These statistics are generated based on the current listing's property type and located in Du East Duncan. Average values are derived using median calculations.
Keith Bogard
Mistie Bogard
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.