Property Type: Mobile / ManufacturedOwnership: Strata

1085 Waterman Rd

Mill Bay, BC V8H1A6

$415,000

3 bed2 bath2 parking1,080 sqftBuilt 1990
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Property Details

Property & Lot

Sub-type
Manufactured Home
Lot size
4,952 square feet
Zoning
Residential

Ownership & Fees

Property type
Mobile / Manufactured
Ownership
Strata
Strata / maintenance fee
$60/mo
Annual property tax
$2,329

Interior

Heating
Electric
Cooling / A/C
Fully air conditioned, Wall unit
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Carport

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Age restriction applies

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
EnsuiteMain level3-Piece
Primary BedroomMain level
BathroomMain level4-Piece
BedroomMain level
BedroomMain level
SunroomMain level
Laundry roomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1036160
Listed
May 9, 2026
Time on market
On the market for 114 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.

Description

NEW PRICE!! Bright and welcoming, this open-concept living, dining area creates a warm, comfortable atmosphere. This 3 bedroom, 2 bathroom deregistered mobile home offers a functional layout with flexibility for guests, hobbies, or a home office. A sunroom adds valuable year-round living space. Updates include a newer roof (approx. 5 years), brand new hot water tank, and efficient ductless HVAC. Step outside to a beautifully landscaped, fully fenced yard—private and ideal for gardening or relaxing. Located in a quiet 55+ bare land strata in Mill Bay, you own the land with no pad fees. This home is ready for your ideas and improvements, offering an excellent opportunity to simplify without giving up ownership, space, or connection to the outdoors. (id:63159)

Values & Trends

This listing

$384/sqft

Building average

No other active listings in this building

Mill Bay average

$269/sqft

3 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Malahat

Mainly Clear

14°C

Mainly Clear

Humidity 86%

Wind WSW 7 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Frances Kelsey SecondarySecondary1.1 km
Brentwood College(Independent)Secondary1.6 km
George Bonner ElementaryElementary2.0 km
St John's Preparatory Academy Shawnigan(Independent)K-124.2 km
Evergreen Independent School(Independent)Elementary4.4 km
Shawnigan Lake(Independent)Secondary4.6 km
Ecole Cobble Hill ElementaryElementary4.8 km
Discovery ElementaryElementary5.5 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (1)

  • Hollings Creek Park744 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($20,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$332,000.00
Periodic payment — Principal & Interest (monthly)$2,141.95
Additional monthly expenses (strata, tax, utilities, etc.)$308.08
Total monthly cost$2,450.03
Interest paid over 5-yr term$95,152.15
Balance at end of term$298,635.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,750
Stress test qualifying rate8.09%
Payment you must qualify for$3,031.64

Cash Needed at Closing

Minimum down payment$20,750
Estimated BC PTT$6,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,550

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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