231 First St
Duncan, BC V9L1R3
$459,900
Property Details
Property & Lot
- Lot size
- 7,200 square feet
- Zoning
- Residential
High Density Residential
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,134
Interior
- Fireplace
- None
Parking
- Total spaces
- 12
Listing Information
- MLS®
- 1020251
- Listed
- November 19, 2025
- Time on market
- On the market for 285 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Coast Capital Realty · Data source: CREA DDF.
Description
Prime development opportunity in the heart of downtown Duncan. This vacant parcel of land comes with building plans already drafted for a 6-unit townhouse development, thoughtfully designed to mirror the successful project next door. With much of the preliminary groundwork completed by the current owner, this site is well positioned for a smooth transition into construction. Offering the potential to create much-needed housing in Duncan’s vibrant downtown core, this property is ideal for developers seeking a manageable, small-scale project. The planned units could be retained as rentals or sold individually as strata homes, providing flexibility for your investment strategy. A detailed information package is available from your Realtor. (id:63159)
Location Insights
Weather
15°C
—
Humidity 82%
Wind NNW 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
41
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
| School | Type | Distance |
|---|---|---|
| Khowhemun Elementary | Elementary | 472 m |
| Cowichan Valley Open Learning Co-Op | Secondary | 691 m |
| Cowichan Open School | Secondary | 691 m |
| Queen Margaret's(Independent) | K-12 | 872 m |
| Quamichan School | Secondary | 1.3 km |
| Alexander Elementary | Elementary | 1.4 km |
| Des Cascades | Elementary | 1.5 km |
| Duncan Christian School(Independent) | K-12 | 1.5 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
Restaurants (5+)
- Power House Living Foods Co.263 m
- Arbutus Cafe · 195 Kenneth Street276 m
- Corner House Cafe · 181 Jubilee Street301 m
- Phad Thai378 m
- Noodles of the World · 151 Station Street378 m
Cafes (5+)
- Cafe la Vie385 m
- The Twisted Mug Cafe421 m
- Ironworks Cafe & Crepperie · 64 Station Street444 m
- Starbucks · 2751 Beverly Street626 m
- Coffee on the Moon659 m
Grocery (2)
- 49th Parallel Grocery · 550 Cairnsmore Street662 m
- Thrifty Foods · 2755 Beverly Street678 m
Parks (5+)
- Centennial Park · First Street226 m
- Centennial Park252 m
- China Gardens · 242 Government Street358 m
- Station Street Park403 m
- Unnamed457 m
Shopping (1)
- Whittome Mall439 m
Banks & ATMs (2)
- CIBC · 118 Station Street423 m
- Bank of Montreal · 21 Station Street443 m
Nearby places data: © OpenStreetMap contributors.
School district: Cowichan (SD79)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.