Property Type: TownhouseOwnership: Strata

45 2979 River Rd

Chemainus, BC V0R1K3

$635,000

3 bed3 bath3 parking2,670 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Zoning
Multi-Family

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$486/mo
Annual property tax
$4,664

Interior

Heating
Heat Pump, Forced air, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
3

Restrictions & Policies

Pets
Allowed with restrictions
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
StorageLower level7'3 x 9'0
DenLower level15'10 x 9'0
Recreation roomLower level10'2 x 21'2
BedroomLower level15'0 x 11'0
BathroomLower level9'0 x 6'0
StorageLower level9'1 x 16'0
BathroomMain level6'8 x 9'3
BedroomMain level10'10 x 11'7
EnsuiteMain level11'2 x 8'1
Primary BedroomMain level15'2 x 11'1
Living roomMain level15'0 x 23'0
KitchenMain level13'0 x 9'10
Dining roomMain level14'3 x 11'11
EntranceMain level5'2 x 5'3

Listing Information

MLS®
1041618
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (NA) · Data source: CREA DDF.

Description

Enjoy the ease of coastal living in the charming seaside community of Chemainus, where ocean breezes, theatre nights and locally owned cafés are all part of everyday life. Nestled within the quiet 55+ community of Cedar Ridge Villas, this well-maintained pet-friendly townhome offers comfort, space and peace of mind. Designed for convenient main-level living, unit 45 places everything you need on one floor. The bright galley-style kitchen features ample counter space, generous cabinetry, a stainless steel appliance package and a large skylight that fills the space with natural light. The inviting living room, complete with a gas fireplace, creates the perfect setting for cozy evenings, while the spacious dining area opens onto a fully covered patio — ideal for year-round outdoor enjoyment and relaxed alfresco dining. The primary suite offers a walk-in closet and beautiful ensuite with a soaker tub and separate shower. A second bedroom, full bathroom and main-floor laundry ensure day-to-day living is effortless and functional. Downstairs, the full basement expands your options with a 3rd bedroom, den, rec room, full bathroom and abundant storage — perfect for visiting family, hobbies, or creating additional living space. Recent updates include a newer gas fireplace, hot water tank, heat pump, gas furnace, and a roof replacement just 3 years ago. Just minutes from the heart of Chemainus, you’ll enjoy renowned dining, boutique shopping, the Chemainus Theatre, and the relaxed rhythm of West Coast living. Cedar Ridge Villas permits one dog or one cat and offers RV storage — an excellent bonus for those who love to explore. (id:63159)

Values & Trends

This listing

$238/sqft

Building average

$451/sqft

1 active listing(s)

Cedar Ridge Villas average

No comparable active listings

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

Nearest station: Duncan

14°C

Humidity 86%

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

5/9 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
Chemainus SecondaryK-121.1 km
Chemainus Elementary Community SchoolElementary1.5 km
Crofton Elementary Community SchoolElementary8.6 km
Stz'uminus Senior Secondary(Independent)Secondary8.9 km
Thetis Island ElementaryElementary9.5 km
Ladysmith PrimaryElementary10.8 km
Ladysmith SecondarySecondary11.1 km
Ladysmith IntermediateElementary11.2 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 (3)

  • Little Town Pizza · 9734 Chemainus Road490 m
  • Bonnie Martin Restaurant · 2877 Mill Street555 m
  • Pho Triple 7 · 9779 Willow Street626 m

Cafes (2)

  • Owl's Nest580 m
  • Willow Street Cafe · 9749 Willow Street603 m

Parks (5+)

  • Unnamed329 m
  • Chemainus Ball Fields · 9740 Elm Street380 m
  • Caswell Park461 m
  • Heritage Park526 m
  • Waterwheel Park · 9799 Waterwheel Crescent676 m

Pharmacies (1)

  • Rexall · 9762 Willow Street577 m

Banks & ATMs (2)

  • CIBC · 9760 Willow Street583 m
  • Coastal Community Credit Union · 9781 Willow Street634 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Other Listings in This Building

Other units currently listed in the same building. 45 2979 River Rd

View building profile →
Built 1993

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($38,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$508,000.00
Periodic payment — Principal & Interest (monthly)$3,277.44
Additional monthly expenses (strata, tax, utilities, etc.)$1,008.67
Total monthly cost$4,286.11
Interest paid over 5-yr term$145,594.26
Balance at end of term$456,947.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$38,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,586.88

Cash Needed at Closing

Minimum down payment$38,500
Estimated BC PTT$10,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,700

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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