Top Down Investments has identified 5 key properties in the center of Duncan, BC. These properties are located in an area that has been identified for substantial redevelopment and are currently zoned for medium density.
The City of Duncan has indicated that they intend to widen and extend Price Place to become an arterial road parallel to Highway 1 to ease traffic in the area. This presents a unique opportunity, as the city is likely to offer zoning variances to accommodate their plans for Price Place.
At this point, we are targeting High Density zoning, which will make these very attractive properties for new rental apartments, which the area is in dire need of – vacancy rates are currently below 0.5% in this growing community.
Duncan is part of the Cowichan Valley Regional District (CVRD). Duncan retains is small town charm, but still has plenty of amenities, with both Victoria and Nanaimo just 35 minutes away, when you need access to these major centers.
Duncan itself is the smallest city (by area) in all of Canada, but most people refer to the surrounding area as Duncan.
Surrounding Duncan are beautiful oceanfront areas such as Maple Bay, Genoa Bay and Cowichan Bay, as well as nearby access to the Cowichan River, Shawnigan Lake and Lake Cowichan.
For those that enjoy a good hike, many amazing trails await, including those at Mount Tzouhalem, Stoney Hill and Mount Prevost. Duncan’s historic downtown is a wonderful place to spend a Saturday, taking in one of the best Farmer’s markets on Vancouver Island.
The area is expanding rapidly and has multiple major infrastructure projects taking place over the next few years. A new RCMP detachment is underway, expected to be open in the fall of 2022, a new hospital will be starting in the summer of 2022, and it was just announced that the local high school is being replaced with a completely new facility opening in 2024.
These infrastructure upgrades will bring population growth, with the CVRD estimating net growth of 5000 residents by 2025.
Interested in learning more about this opportunity?
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