5280 Koksilah Rd, Duncan
Development Opportunity! Ideally located just south of Duncan with easy highway access, this 2.35-acre property offers exceptional future development potential. Connected to both municipal water and sewer, the property is currently zoned R-3 Urban Residential and includes a tenanted 2-bedroom, 1-bathroom home that could provide holding income while future plans are explored. Current zoning permits a minimum lot size of approximately 0.22 acres, making it well suited for single-family homes with legal suites. With significant growth planned throughout the Cowichan Valley, this is an outstanding opportunity for developers, investors, or groups looking to secure a property with long-term upside. There may also be potential to rezone or stratify for alternative development configurations, subject to municipal approvals. Buyers must conduct their own due diligence regarding zoning, subdivision, servicing, and development potential. (id:62865)
Status
Active
Year Built
1962
Property Type
House
Ownership
Freehold
Parking Spaces
8
Annual Tax
$4,059
Zoning
Residential
Parcel Number
031-339-867
Data Source
Vancouver Island Real Estate Board
Bedrooms
2
Bathrooms
1
Living Area
970 square feet
Lot Size
2.35 acres
View
Mountain view
Lot Features
Heating
Baseboard heaters, Electric
Cooling
None
$899,900
Office
RE/MAX Island Properties (DU)
Loan Amount:
$719,920
Estimated Monthly Payment:
$3,508
This is an estimate for informational purposes only. Consult with a financial advisor.
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