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Strong pricing for North Cowichan townhouse site

Redevelopment potential promises bright prospects
This 1.93-acre site comprising two lots on Fairfield Street in North Cowichan sold May 13 for $2.4 million.

DEAL | Two lots at 2831-2853 Fairfield Street, North Cowichan, totalling 1.93 acres with townhouse development potential sold May 13 for $2.4 million. Currently zoned R1 (residential rural), the site is designated for residential medium density and can accommodate townhomes and duplex/triplexes of up to three storeys. Strategically situated in the emerging Bell McKinnon neighbourhood near the new $1.5 billion Cowichan District Hospital, the property benefits from a favourable outlook for future development and growth.

PRICE | $2,400,000

FROM | George Richmond and Rebecca MacLeod, Commercial Properties Group