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Industrial

3695 Drinkwater Road

3695 Drinkwater Road, Duncan, BC V9L 6K9

Listing Price: $3,927,000

Lot Size
7.85 acres
Price/Acre
$500,255
Land Type
Land

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of a well positioned strata industrial development comprised of 7.85 acres (+/-) that has been strata subdivided into six legal lots totaling 4.76 Acres. The opportunity is to acquire 100% interest in all of the individual strata lots that comprise the strata development. The Subject Site is strategically situated at the intersection of the Cowichan Valley Hwy (Hwy 18) and Drinkwater Road, a three minute drive from the Trans-Canada / Island Hwy (Hwy 1).

Investment Highlights

  • Opportunity to acquire a large, corner development ready I1-zoned industrial site with exposure to and convenient access from the Cowichan Valley Highway (Hwy 18)
  • Located in the Municipality of North Cowichan, a rapidly growing community of 31,715 (2021), expected to grow by 5.10% in the next 5 years
  • Well situated to access major Island markets - 30 minute drive to Nanaimo, 45 minutes to Langford and 1 hour to Victoria
  • I1 permits a wide range of uses including Industrial Use, Automotive Repair, Cannabis Production, Fueling Stations, Retail Lumber, Laboratory, Machine Shop, Mini-Warehousing, Storage Yard, Veterinary Clinic, Trade School, etc
  • Prior to strata subdivision, the total lot size represented over 7.85 acres. Opportunity to acquire and dissolve the strata, or maintain for flexibility
  • Municipal water and hydro at the respective lot lines with shared septic field/system in place
  • The 4.76 acres of strata area is net of areas allocated as common property, namely access, right of way and septic field

Exclusively Listed By

Listing Price: $3,927,000

Lot Size
7.85 acres
Price/Acre
$500,255
Land Type
Land

Investment Highlights

  • Opportunity to acquire a large, corner development ready I1-zoned industrial site with exposure to and convenient access from the Cowichan Valley Highway (Hwy 18)
  • Located in the Municipality of North Cowichan, a rapidly growing community of 31,715 (2021), expected to grow by 5.10% in the next 5 years
  • Well situated to access major Island markets - 30 minute drive to Nanaimo, 45 minutes to Langford and 1 hour to Victoria
  • I1 permits a wide range of uses including Industrial Use, Automotive Repair, Cannabis Production, Fueling Stations, Retail Lumber, Laboratory, Machine Shop, Mini-Warehousing, Storage Yard, Veterinary Clinic, Trade School, etc
  • Prior to strata subdivision, the total lot size represented over 7.85 acres. Opportunity to acquire and dissolve the strata, or maintain for flexibility
  • Municipal water and hydro at the respective lot lines with shared septic field/system in place
  • The 4.76 acres of strata area is net of areas allocated as common property, namely access, right of way and septic field

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of a well positioned strata industrial development comprised of 7.85 acres (+/-) that has been strata subdivided into six legal lots totaling 4.76 Acres. The opportunity is to acquire 100% interest in all of the individual strata lots that comprise the strata development. The Subject Site is strategically situated at the intersection of the Cowichan Valley Hwy (Hwy 18) and Drinkwater Road, a three minute drive from the Trans-Canada / Island Hwy (Hwy 1).

Exclusively Listed By

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