Property Type: Detached HouseOwnership: Freehold

5280 Koksilah Rd

Duncan, BC V9L6V3

$837,500

2 bed1 bath8 parking970 sqftBuilt 1962
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Property Details

Property & Lot

Sub-type
House
Lot size
2.35 acres
Zoning
Residential

R-3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,058.51

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Total spaces
8

Room Dimensions

RoomLevelDimensions
Bonus RoomLower level13'1 x 11'7
Family roomLower level13'2 x 11'11
Living roomMain level14'9 x 12'2
KitchenMain level14'9 x 11'10
BathroomMain level4-Piece
Primary BedroomMain level10'2 x 10'2
BedroomMain level7'8 x 10'6
Laundry roomLower level14'7 x 11'4

Listing Information

MLS®
1042846
Listed
July 10, 2026
Time on market
On the market for 52 days
Data last synced
August 28, 2026

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

Description

Development Opportunity! Ideally located just south of Duncan with easy highway access, this 2.35-acre property offers exceptional future development potential. Connected to both municipal water and sewer, the property is currently zoned R-3 Urban Residential and includes a tenanted 2-bedroom, 1-bathroom home that could provide holding income while future plans are explored. Current zoning permits a minimum lot size of approximately 0.22 acres, making it well suited for single-family homes with legal suites. With significant growth planned throughout the Cowichan Valley, this is an outstanding opportunity for developers, investors, or groups looking to secure a property with long-term upside. There may also be potential to rezone or stratify for alternative development configurations, subject to municipal approvals. Buyers must conduct their own due diligence regarding zoning, subdivision, servicing, and development potential. (id:63159)

Values & Trends

This listing

$863/sqft

Building average

No other active listings in this building

Cowichan Station/Glenora average

$878/sqft

7 active listing(s)

Parking: 8 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

13°C

Humidity 92%

Wind SSW 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

19

2/9 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
Des CascadesElementary1.3 km
Noorunissa Montessori Academy of Canada(Independent)Elementary1.7 km
Khowhemun ElementaryElementary2.0 km
Duncan Christian School(Independent)K-122.1 km
Quamichan SchoolSecondary2.5 km
Alexander ElementaryElementary2.6 km
Cowichan Valley Open Learning Co-OpSecondary2.7 km
Cowichan Open SchoolSecondary2.7 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 (1)

  • Glow Juicery · 5380 Trans-Canada Highway410 m

Parks (5+)

  • Boal Road Park196 m
  • Eagle Heights Park365 m
  • Maplewood Park564 m
  • Chaster Road Trail645 m
  • Boys Road Pullout652 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($58,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$670,000.00
Periodic payment — Principal & Interest (monthly)$4,322.61
Additional monthly expenses (strata, tax, utilities, etc.)$387.21
Total monthly cost$4,709.82
Interest paid over 5-yr term$192,023.93
Balance at end of term$602,667.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$58,750
Stress test qualifying rate8.09%
Payment you must qualify for$5,988.31

Cash Needed at Closing

Minimum down payment$58,750
Estimated BC PTT$14,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$75,000

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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