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The Meridian 107 Evans St 137 Unit Apartment Building For Sale Duncan, BC V9L 1P5
INVESTMENT HIGHLIGHTS
- Highly efficient, newly constructed, A class asset built to Step Code 3
- Secure underground parking with EV charging stations
- Spacious balconies, expansive courtyard and amenity deck
- On-site property management office and air-conditioned amenity space
- Fitness room with exercise machines and weights
- High exposure ground floor retail space along Canada Ave & Evans St in Downtown Duncan
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.93 AC |
| No. Units | 137 | Building Size | 201,580 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.83/1,000 SF |
| Building Class | B | ||
| Zoning | DTC - Downtown Comprehensive Zone | ||
| Sale Type | Investment |
| No. Units | 137 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 201,580 SF |
| No. Stories | 6 |
| Year Built | 2025 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | DTC - Downtown Comprehensive Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Property Manager on Site
- Elevator
- Key Fob Entry
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 91 | - | 547 - 826 |
| 2+2 | 46 | - | 745 - 1,000 |
Walk Score®
Walker's Paradise (91)
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The Meridian | 107 Evans St
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