The Meridian

Duncan is situated on Southern Vancouver Island within the Cowichan Valley Regional District, approximately 45 kilometres north of Victoria and south of Nanaimo. The Cowichan Valley is home to a population of approximately 90,000 residents, with an average household income of $92,000. Duncan functions as a key economic centre for the region, supporting a diverse range of industries including healthcare, retail, professional services, and tourism. It also plays a vital role in traditional sectors such as fishing, agriculture, and forestry. The city’s robust and diversified economy further encompasses manufacturing, construction, hospitality, and food processing. The property enjoys a prime location in the heart of Downtown Duncan, boasting an elevated walk score of 91; steps away from Vancouver Island University, Cowichan Secondary School, Cowichan Community Centre, Village Green Mall, Beverly Corners Marketplace, and Coronation Centre.Macdonald Commercial and WestUrban Developments are pleased to offer for sale, the Meridian, located at 107 Evans Street, Duncan, BC ("The Property"). The Property is situated in City of Duncan's Downtown Core, steps away from retail centres, schools, banks, restaurants, public transit stops and a multitude of additional community amenities. This A class purpose built rental asset is comprised of 137 residential units with a suite mix of 91-one bedroom and 46-two bedroom units. There are also 4 high exposure, ground floor retail units with a professional tenant mix further supplementing the investment thesis. There are a myriad of best-in-class building features including a fitness center, office, courtyard, amenity deck, secured underground parking, storage lockers, dog wash, and bike room with wash. Furthermore, the Meridian is built to Step Code 3, ensuring reduced OpEx and enhanced serviceability. The Property is held in bare trust, allowing prospective suitors to save on property transfer tax. Please inquire for additional particulars.