Type

Multi Family

MLS® Number

1044642

CBRE Limited is pleased to present a strategic land banking opportunity in North Cowichan's Bell McKinnon growth corridor. The offering comprises approximately 3.00 acres across two legal parcels, designated Residential – Medium under the Bell McKinnon Local Area Plan, supporting potential residential development of up to approximately 1.2 FAR (approximately 156,816 buildable SF). In our view, today's servicing uncertainty has created a rare opportunity to acquire future development land at a significant discount to fully serviced sites. Bell McKinnon remains one of Vancouver Island's most important long-term growth areas, anchored by the future Cowichan District Hospital and planned residential expansion. For savvy investors this is an opportunity to buy while development land remains temporarily out of favour and position for the next phase of infrastructure investment and market recovery, with the potential to sell into a supply-constrained market as development activity resumes.