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2950 Elm St in Chemainus: Du Chemainus Multi Family for sale (Duncan) : MLS®# 1032946

2950 Elm St Chemainus V0R 1K3 : Du Chemainus

Main Photo: 2950 Elm St in Chemainus: Du Chemainus Multi Family for sale (Duncan)  : MLS®# 1032946
$7,955,000
Prop. Type:
Commercial Sale
MLS® Num:
1032946
Status:
Active
Comprehensive 26.46-acre development site (14.31 acres net after park dedication), partially serviced and zoned CD6 Chemainus Artisan Village for multifamily and mixed commercial-residential uses. The proposed PLA envisions a 2 phase (3 and 3) 6 - lot fee simple subdivision - having 4-5 multi-family lots and 1-2 mixed-use lots (5 to 6 storeys 400 ERUs or more 2:1 assisted living 3:1 LTC) - with the remainder dedicated to parkland, including Hermit Park trail dedication. Chemainus is a vibrant oceanside community celebrated for theatre, artisan shops, murals, scenic trails, beaches, golf and is a popular retirement community on Vancouver Island. Cafés, restaurants and other amenities are a short walking distance to the site, with convenient proximity to local airports, ferry terminals and hospitals. This development supports aging-in-place, providing retirees with suitable housing to stay in the community. VTB (1st mortgage only) available up to 60%, subject to seller terms / approval.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du Chemainus, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
Switch units of measure26.47 acre(s)
Taxes:
Ceiling Heights:
Switch units of measure
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
Pending Date:
City, Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
District of North Cowichan
Legal Description:
Zoning:
CD6
Units in Building:
Units in Community:
Occupancy:
Vacant
Parking Features:
On Site
Total Units:
Date Listed:
Apr 30, 2026
Original Price:
7955000.0
Listed by Coldwell Banker Oceanside Real Estate
Data was last updated August 23, 2026 at 10:05 PM (UTC)
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.