Description

Rare 2.17-acre development and holding opportunity in the Municipality of North Cowichan, located within a rapidly evolving residential growth area near Berkey’s Corner. The property is currently zoned R3 – One and Two-Family Residential, allowing a wide range of permitted uses including single- and two-family dwellings, secondary suites, multi-family residential, assisted living, community care facilities, supportive housing, accessory dwelling units, and home-based businesses, subject to municipal regulations. The site is designated Village Residential in the North Cowichan Official Community Plan—an urban designation intended to accommodate significant new housing growth. The OCP supports medium-density, multi-family development, including apartments, condominiums, townhouses, and rowhouse forms, with typical building heights of 3–5 storeys and potential consideration for additional height in appropriate locations, subject to approvals. Low-density subdivision is not supported under this designation, reinforcing the site’s long-term multifamily development potential. This parcel offers flexibility for immediate development under existing zoning, subdivision, or long-term redevelopment through rezoning in alignment with OCP policies. Well positioned within a walkable, growth-oriented planning area, this property represents an exceptional opportunity for developers and land investors seeking exposure to North Cowichan’s future residential expansion. All development potential subject to municipal review and approvals. (id:2469)

Features

Central location, Other

Listing Provided By

RE/MAX Camosun

Copyright and Disclaimer

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.