Rare 2.17-acre development and holding opportunity in the Municipality of North Cowichan, located within a rapidly evolving residential growth area near Berkeyâs Corner. The property is currently zoned R3 â 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 Planâan 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 3â5 storeys and potential consideration for additional height in appropriate locations, subject to approvals. Low-density subdivision is not supported under this designation, reinforcing the siteâs 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 Cowichanâs future residential expansion. All development potential subject to municipal review and approvals. (id:27476)
