This is an exceptional chance to acquire a prime 1.07-acre residential development site situated in the heart of the Cowichan Valley, in the city of Duncan, British Columbia. The site is strategically located at the intersection of Keystone Drive and Cowichan Lake Road, just north of the Cowichan District Hospital, making it a desirable location for both residents and developers.
Multi-family Development Site
3000 Keystone Drive, Duncan,
± 46,609 SQFT
R8 - Residential Multi-Family Apartment Zone
LOT B, SECTIONS 19 AND 20, RANGE 5, QUAMICHAN DISTRICT, PLAN 2889 EXCEPT PART IN PLAN VIP78689 AND VIP79448
The Cowichan Valley is located on Vancouver Island in British Columbia, Canada, and includes several communities, including the city of Duncan. The Cowichan Valley Regional District's population is estimated at approximately 88,000 people (Stats Canada 2021). The property is situated +/- 1.7 KM west of the Duncan City Centre in a well-established residential area.
Duncan, British Columbia
Duncan, British Columbia, is a small city located on southern Vancouver Island in British Columbia, Canada. It is known as the "City of Totems" due to its rich collection of totem poles, which are dispersed throughout the city and its surroundings. This is a testament to the area's strong First Nations heritage, particularly the Cowichan Tribes, which are the largest band in the BC Coast Salish people's group.
Duncan is geographically located about halfway between Victoria (the capital of BC) and Nanaimo, making it a central hub in the Cowichan Valley region. The city has a population of just under 5,500 people, though the broader Duncan area (including North Cowichan) has a population of around 44,000.
Population growth in the broader Duncan area has been below that of the provincial average form many years 2021- 2022 saw a large influx of new residents. Duncan’s population grew at 3.7% in 2022 and North Cowichan's grew at 1.6% in the same time frame.
The city and surrounding valley are known for their beautiful natural landscapes, including mountains, forests, and the Cowichan River. The climate is typically warm and dry in the summer and mild in the winter, characteristic of the Mediterranean-like climate of the region.
The local economy is diverse, with significant contributions from sectors like agriculture, arts and culture, tourism, manufacturing, and retail.
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