Property Type: Condo / ApartmentOwnership: Strata

302 245 First St

Duncan, BC V9L1R3

$409,900

2 bed2 bath1 parking1,059 sqftBuilt 1994
Get Directions

Property Details

Property & Lot

Sub-type
Apartment
Zoning
Multi-Family

City of Duncan - HDR

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$460/mo
Annual property tax
$3,266

Interior

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

Exterior & Lot

View
Mountain view

Parking

Total spaces
1 — uncovered indicated
Features
Open

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
EnsuiteMain level6'8 x 8'1
Primary BedroomMain level19'3 x 11'10
KitchenMain level21'4 x 8'2
Living roomMain level16'5 x 13'1
BedroomMain level10'8 x 11'5
BathroomMain level7'8 x 4'9
Laundry roomMain level7'8 x 9'2
EntranceMain level14'9 x 10'1

Listing Information

MLS®
1042727
Listed
July 13, 2026
Time on market
On the market for 49 days
Data last synced
August 28, 2026

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

Description

Welcome to Centennial Place! This bright and spacious top-floor corner unit offers 1,059 sq. ft. of comfortable living with 2 bedrooms and 2 bathrooms in a well-maintained, accessible 55+ building with elevator access. The thoughtfully designed layout features a generous primary bedroom with a walk-through closet leading to a private ensuite, while the second bedroom offers French doors and convenient access to the main bathroom—ideal for guests, a home office, or flex space. The kitchen provides ample cupboard space and overlooks the dining area, where mountain views create the perfect backdrop for everyday meals. The inviting living room is filled with natural light and features a vaulted ceiling, cozy natural gas fireplace, and access to a private north-facing balcony. Enjoy the convenience of in-suite laundry and storage, making daily living both comfortable and practical. Located just steps from Centennial Park and within easy walking distance of downtown Duncan, you'll love having restaurants, shopping, cafés, salons, and everyday amenities right at your doorstep. This well-managed 55+ building allows one dog or one cat, permits some rentals, and is ready to move in. An excellent opportunity for those seeking a low-maintenance lifestyle in a convenient central location. (id:63159)

Values & Trends

This listing

$387/sqft

Building average

$344/sqft

2 active listing(s)

West Duncan average

$359/sqft

18 active listing(s)

Parking: 1 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

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

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 SchoolSecondary670 m
Cowichan Valley Open Learning Co-OpSecondary670 m
Queen Margaret's(Independent)K-12841 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.271 m
  • Arbutus Cafe · 195 Kenneth Street277 m
  • Corner House Cafe · 181 Jubilee Street298 m
  • Noodles of the World · 151 Station Street385 m
  • Phad Thai387 m

Cafes (5+)

  • Cafe la Vie409 m
  • The Twisted Mug Cafe436 m
  • Ironworks Cafe & Crepperie · 64 Station Street460 m
  • Starbucks · 2751 Beverly Street649 m
  • Fishbowl Cafe · 580 Cairnsmore Street667 m

Grocery (2)

  • 49th Parallel Grocery · 550 Cairnsmore Street637 m
  • Thrifty Foods · 2755 Beverly Street694 m

Parks (5+)

  • Centennial Park · First Street192 m
  • Centennial Park215 m
  • China Gardens · 242 Government Street350 m
  • Unnamed417 m
  • Station Street Park420 m

Shopping (1)

  • Whittome Mall456 m

Banks & ATMs (2)

  • CIBC · 118 Station Street435 m
  • Bank of Montreal · 21 Station Street465 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($20,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$327,920.00
Periodic payment — Principal & Interest (monthly)$2,115.63
Additional monthly expenses (strata, tax, utilities, etc.)$785.38
Total monthly cost$2,901.01
Interest paid over 5-yr term$93,982.81
Balance at end of term$294,965.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,994.39

Cash Needed at Closing

Minimum down payment$20,495
Estimated BC PTT$6,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,193

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.

Request more information