Property Type: Condo / ApartmentOwnership: Strata

207 245 First St

Duncan, BC V9L1R3

$399,000

2 bed2 bath3 parking1,139 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Lot size
1,307 square feet
Zoning
Residential

HDR

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$477/mo
Annual property tax
$3,247

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
Yes (1)

Parking

Total spaces
3 — uncovered indicated
Features
Other

Restrictions & Policies

Pets
Allowed
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
Primary BedroomMain level
Living roomMain level11'6 x 16'6
Laundry roomMain level
KitchenMain level
EnsuiteOther3-Piece
EnsuiteOther4-Piece
Dining roomMain level8'6
BedroomMain level11'6

Listing Information

MLS®
1039225
Listed
June 4, 2026
Time on market
On the market for 88 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Island Properties (DU) · Data source: CREA DDF.

Description

Step into this beautifully maintained 2-bedroom corner unit, filled with natural light and offering a smart, open-concept layout. The kitchen boasts granite countertops and seamlessly connects to the dining area and living room, where a cozy gas fireplace and sliding doors lead to a large, private balcony—perfect for relaxing or entertaining. Both the kitchen and bathrooms feature elegant granite surfaces, adding a touch of luxury throughout. The spacious primary bedroom includes a walk-through closet and a well-appointed ensuite with a walk-in shower and built-in bench. The second bedroom is generously sized—ideal as a guest room, home office, or den—with easy access to the main bath. Additional highlights include in-suite laundry, ample storage space, a separate storage locker, and covered parking. Situated in the highly sought-after Centennial Place, just steps from parks, shops, and all the amenities of downtown. (id:63159)

Values & Trends

This listing

$350/sqft

Building average

$362/sqft

2 active listing(s)

West Duncan average

$361/sqft

18 active listing(s)

Parking: 3 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

13°C

Humidity 92%

Wind SSW calm km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

5,047

(2021 Census)

+2.1% since 2016

Density: 2,450/km²

Dwellings: 2,620

Median household income: $53,200

After-tax: $49,600

Immigrant population: 11%

Top countries of origin (% of total population)

  • United Kingdom2.8% · 140
  • United States of America1.4% · 70
  • Germany1.1% · 55
  • Netherlands0.9% · 45
  • Philippines0.6% · 30
  • India0.4% · 20
  • Mexico0.3% · 15
  • Hungary0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

44

6/9 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
Khowhemun ElementaryElementary432 m
Cowichan Open SchoolSecondary675 m
Cowichan Valley Open Learning Co-OpSecondary675 m
Queen Margaret's(Independent)K-12846 m
Quamichan SchoolSecondary1.3 km
Alexander ElementaryElementary1.5 km
Des CascadesElementary1.6 km
Duncan Christian School(Independent)K-121.6 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

Restaurants (5+)

  • Power House Living Foods Co.265 m
  • Arbutus Cafe · 195 Kenneth Street272 m
  • Corner House Cafe · 181 Jubilee Street293 m
  • Noodles of the World · 151 Station Street379 m
  • Phad Thai381 m

Cafes (5+)

  • Cafe la Vie404 m
  • The Twisted Mug Cafe430 m
  • Ironworks Cafe & Crepperie · 64 Station Street455 m
  • Starbucks · 2751 Beverly Street653 m
  • Fishbowl Cafe · 580 Cairnsmore Street672 m

Grocery (2)

  • 49th Parallel Grocery · 550 Cairnsmore Street642 m
  • Thrifty Foods · 2755 Beverly Street698 m

Parks (5+)

  • Centennial Park · First Street196 m
  • Centennial Park219 m
  • China Gardens · 242 Government Street345 m
  • Station Street Park415 m
  • Unnamed419 m

Shopping (1)

  • Whittome Mall451 m

Banks & ATMs (2)

  • CIBC · 118 Station Street430 m
  • Bank of Montreal · 21 Station Street459 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$804.58
Total monthly cost$2,863.95
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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