About This Property
Prime development site in Duncan with R8 zoning already in place—no rezoning required. This property forms part of a strategic land assembly with 2566 Lewis St, combining for approximately 0.62 acres and approximately 36 metres of frontage. The site offers a functional development footprint suited for a 3–4 storey apartment project. Unlike many sites limited to townhouse density, this zoning allows for apartment-style development, maximizing potential yield. Situated in an area with strong rental demand and limited supply, this is a compelling opportunity for developers. To be sold in conjunction with 2566 Lewis St. (id:64973)
At $55.55 per square foot, this vacant land in Duncan presents a compelling value proposition compared to the local market average of $65 per square foot. The R8 zoning and sizeable 0.62-acre lot make this property an attractive option for developers seeking to maximize rental yield through a multi-unit apartment project in a high-demand area.
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