Property Type: Detached HouseOwnership: Freehold

3504 Drinkwater Rd

Duncan, BC V9L5Z2

$2,499,000

2 bed2 bath15 parking3,111 sqftBuilt 1960
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Property Details

Property & Lot

Sub-type
House
Lot size
32.78 acres
Zoning
Agricultural

A1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,493.1

Interior

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

Exterior & Lot

View
Mountain view, Valley view

Parking

Total spaces
15

Room Dimensions

RoomLevelDimensions
BedroomMain level12'9 x 13'8
Primary BedroomMain level13'6 x 13'8
Living roomMain level23'0 x 19'4
BathroomMain level3-Piece
KitchenMain level16'0 x 19'4
BathroomMain level5-Piece
Laundry roomMain level5'4 x 5'6
EntranceMain level11'9 x 5'9

Listing Information

MLS®
1034789
Listed
May 20, 2026
Time on market
On the market for 103 days
Data last synced
August 28, 2026

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

Description

Well known in the valley with a stunning back drop of Mount Prevost, Hope farm has been a routine stop for locals for fresh produce & eggs for many years. A ''flat'' generous 32.8 acre property, A1 opening up a multitude of future uses. Turn key & tool ready it comes fully equipped, ready for its next chapter. Boasting several structures that await your personal plans this property has a main residence with a roughed in lower level in-law suite, a separate garden sales centre, Egg washing house, Tool workshop, an impressive 10,000 SF shop with loading dock/walk in coolers, a homestead post/beam barn/storage and an additional poultry barn housing 299 chickens. Outside just to highlight a few things....there are several operating green houses, pastures, a year round spring pond, irrigated vegetable gardens, a goose habitat & much more! Perfect for someone who is already a farmer looking to expand operations or someone looking for a foundation to build upon to make the dream come true! (id:63159)

Values & Trends

This listing

$803/sqft

Building average

No other active listings in this building

West Duncan average

$490/sqft

48 active listing(s)

Parking: 15 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

11°C

Humidity 95%

Wind SW 2 km/h

Today

21°

Tonight

14°

Wednesday

16°

Wednesday night

12°

Thursday

16°

Thursday night

11°

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.

Nearby Schools

SchoolTypeDistance
Tansor ElementaryElementary963 m
Ecole Mount Prevost ElementaryElementary1.4 km
Drinkwater ElementaryElementary1.8 km
Queen Margaret's(Independent)K-122.8 km
Cowichan Open SchoolSecondary3.0 km
Cowichan Valley Open Learning Co-OpSecondary3.0 km
Khowhemun ElementaryElementary3.5 km
Alex AitkenElementary4.1 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.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($499,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,999,200.00
Periodic payment — Principal & Interest (monthly)$12,898.16
Additional monthly expenses (strata, tax, utilities, etc.)$447.09
Total monthly cost$13,345.25
Interest paid over 5-yr term$572,976.47
Balance at end of term$1,798,286.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$499,800
Stress test qualifying rate8.09%
Payment you must qualify for$15,373.15

Cash Needed at Closing

Minimum down payment$499,800
Estimated BC PTT$52,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,270

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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