$1,600,000 FOR SALE

Commercial/Retail

2821 Ortona Rd
Duncan, BC V9L 3W8 | East Duncan

Incredible 1.0 acre development property backing onto $1.5 Billion Cowichan District Hospital & located within the Bell McKinnon Local Area Plan which designates the entire Property as ''Residential Med (RM)'' promoting 2-3 storey townhouses and duplex/triplex development. The future RM designation in the LAP suggests development of up to 3 storeys and maximum 1.2 Floor Area Ratio provided parking requirements are met. North Cowichan is planning for a sewer connection as some point in the near future which (after connection and removal of current septic field) could make the 1 acre plot sub-dividable. Current 3 bed 2 bath home is 2216 square feet and renovated. Buy now for potential development, invest in a rental and future development profits, or purchase an exquisitely maintained home that could possibly be sub divided for both rental and or living as well as development potential. Interior photos on request. Buyers to do their own due diligence about subdivision and development. (id:47423)

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Listed By Royal LePage Duncan Realty
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 935923
Last Updated May 15, 2024
Property Summary
Property Type Commercial/Retail

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Neighbourhood East Duncan
Price History
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Detailed Information
Listing Contract Date 2023-06-28
Ownership Type Freehold
Property Type Other
Transaction Type For sale
Zoning Description R1
Zoning Unknown
Building
Size (Exterior) 2216 square feet
Type Other
Land
Total Size 1 acres
Access Type Road access
Acreage Yes
Size of Irregular Land 1

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