Property Type: Detached HouseOwnership: Freehold

4030 Gibbins Rd

Duncan, BC V9L1N9

$1,290,000

4 bed2 bath20 parking2,319 sqftBuilt 1955
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Property Details

Property & Lot

Sub-type
House
Lot size
12.67 acres
Zoning
Unknown

A2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,696.81

Interior

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

Exterior & Lot

View
Mountain view, Valley view

Parking

Total spaces
20

Room Dimensions

RoomLevelDimensions
BedroomLower level11'7 x 11'1
BathroomLower level7'3 x 6'3
BedroomLower level12'0 x 10'8
BedroomMain level11'3 x 13'1
Primary BedroomMain level14'0 x 13'5
BathroomMain level5'5 x 11'4
Laundry roomMain level11'7 x 11'4
Dining roomMain level17'3 x 17'1
Living roomMain level17'3 x 19'3
EntranceMain level5'4 x 5'5
KitchenMain level26'1 x 19'3

Listing Information

MLS®
1045219
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

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

Description

Welcome to your 12-acre retreat in one of the Cowichan Valley's most sought-after rural locations. Featuring gently rolling fields, excellent sun exposure, beautiful views, and endless possibilities, this is the kind of property that rarely comes available. Whether you've dreamed of creating a hobby farm, raising horses, growing your own food, building gardens, or operating a farm stand, this versatile acreage is ready for your vision. The property includes an irrigation pond, a seasonal creek, and a treed hillside at the rear, offering a wonderful mix of open pasture, natural beauty, and privacy. The home offers over 2,300 of living space and is filled with potential. The main floor features a welcoming entry with hardwood flooring, a spacious kitchen with island and charming built-in ironing cupboard, a generous living room and dining room, two bedrooms, laundry room, and an updated bathroom. Step outside to the large rear patio overlooking the fields, an ideal spot to enjoy your morning coffee, afternoon tea, or summer BBQ's. The lower level offers two additional bedrooms (without closets), an older bathroom, cold room, and a large unfinished space that could become a family room, games room, workshop, or additional living area. Outside you'll also find a 530 sq ft detached double garage, an older chicken coop, and a cold storage building, providing plenty of room for projects, equipment, and hobbies. While the home requires updating, it presents an exceptional opportunity to renovate, build equity, and create a country estate tailored to your lifestyle. The true value lies in the outstanding land, exceptional location, and the opportunity to own a property that has been cherished by the same family for more than seven decades. Properties like this are increasingly difficult to find. If you've been searching for usable acreage, in a rural setting, and the chance to create your dream lifestyle this is an opportunity you won't want to miss. (id:63159)

Values & Trends

This listing

$556/sqft

Building average

No other active listings in this building

West Duncan average

$495/sqft

48 active listing(s)

Parking: 20 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.

Nearby Schools

SchoolTypeDistance
Tansor ElementaryElementary2.9 km
Ecole Mount Prevost ElementaryElementary3.9 km
Queen Margaret's(Independent)K-124.3 km
Khowhemun ElementaryElementary4.4 km
Drinkwater ElementaryElementary4.5 km
Cowichan Open SchoolSecondary4.5 km
Cowichan Valley Open Learning Co-OpSecondary4.5 km
Des CascadesElementary6.1 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: 8.1% ($104,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,032,000.00
Periodic payment — Principal & Interest (monthly)$6,658.11
Additional monthly expenses (strata, tax, utilities, etc.)$674.07
Total monthly cost$7,332.18
Interest paid over 5-yr term$295,774.17
Balance at end of term$928,287.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,119.92

Cash Needed at Closing

Minimum down payment$104,000
Estimated BC PTT$23,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$129,300

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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