FOR SALE > ADJACENT TO COWICHAN COMMONS
Mixed-Use Development Site 6472 PADDLE ROAD, 2987 & 2999 DRINKWATER ROAD, NORTH COWICHAN, BC
E C I PR
D E R
ED C U QUAMICHAN LAKE DOWNTOWN DUNCAN
SOMENOS LAKE
IG H DA H A N A NS C TR A
WAY 2987
6472
2999
Contact Us BRAD ARCHIBALD +1 250 740 1060 Ext. 3
[email protected] Colliers International 335 Wesley Street, Suite 105 Nanaimo, BC V9R 2T5 MAIN: +1 250 740 1060 FAX: +1 250 740 1067 www.collierscanada.com/nanaimo
JASON WINTON +1 250 740 1060 Ext. 2
[email protected] BRAD BAILEY +1 250 740 1060 Ext. 1
[email protected] MICHAEL MILLER +1 250 414 8399
[email protected] Colliers International 1175 Douglas Street, Suite 1110 Victoria, BC V8W 2E1 MAIN: +1 250 388 6454 FAX: +1 250 382 3564 www.collierscanada.com/victoria
FOR SALE > ADJACENT TO COWICHAN COMMONS
Mixed-Use Development Site 6472 PADDLE ROAD, 2987 & 2999 DRINKWATER ROAD, NORTH COWICHAN, BC The Opportunity Two development sites on Drinkwater Road across from Cowichan Commons Power Centre with potential for mixed commercial and residential development, as per the current OCP designation. Like many municipalities, North Cowichan is keen to see the supply of affordable housing increase. Providing a mixed-use development with both commercial and residential could assist in adding to the housing stock, plus leverage the properties’ location in proximity to Cowichan Commons. This development opportunity will benefit from the destination shopping traffic that Cowichan Commons commands. One of two signalized access points off of the TransCanada Highway into Cowichan Commons is on Drinkwater Road. Cowichan Commons is a proven big box retail site drawing customers from all over the Cowichan Valley. With anchors like Wal-Mart, Home Depot, Canadian Tire and Future Shop, it is truly a destination shopping centre.
Location 6472 Paddle Road and 2987 Drinkwater Road are located in the Municipality of North Cowichan. The Cowichan Valley has a population of over 80,000 people and is comprised of several communities including Duncan, North Cowichan, Lake Cowichan, Ladysmith, Chemainus and Mill Bay. The largest community and the commercial centre of the Cowichan Valley is Duncan. The subject property is less than a 5-minute drive north along the TransCanada Highway from Duncan’s downtown, in the District of North Cowichan. Duncan is approximately mid-point between Vancouver Island’s biggest cities of Victoria and Nanaimo (an approx. 45-minute drive in either direction).
Zoning Currently zoned R-1
OCP Designation Designated as Regional Shopping Centre district. The municipality has been very specific in designating certain areas, including this property, in which they will encourage and support mixed commercial and residential uses to accommodate future commercial development.
Services Sanitary and water services to the lot line for current residential capacity.
Property
Site Size Property Legal Description (acres) Taxes (2014)
List Price
6472 Paddle Road
3.07
$8,210.36
PID 005-949-416 Lot 1, Section 4, Range 5, Somenos District, Plan 5167, Except that part in Plan 25749
$1,399,000 $1,365,000
2987 Drinkwater Road
0.73
$3,257.85
PID 005-949-548 Lot 2, Section 4, Range 5, Somenos District, Plan 5167, Except that Part outlined in Red on Plan 934 BL
$649,000
2999 Drinkwater Road
1.97
$4,670.06
PID 003-887-669 Lot 2, Section 4, Range 5, Somenos District, Plan 4400, except that part shown outlined in red on plan 934 B.L. and marked W
This site is not part of the official offering but the owners have said they are negotiable and may consider selling.
*Larger site may be available as part of land assembly. Contact listing agent for further details. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Victoria).