5984 Cassino Rd
Duncan, BC V9L4G5
$1,800,000
Property Details
Property & Lot
- Lot size
- 2.17 acres
- Zoning
- Unknown
R3
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $6,341.33
Interior
- Heating
- Forced air, Oil
- Cooling / A/C
- Fully air conditioned
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Listing Information
- MLS®
- 1022545
- Listed
- January 6, 2026
- Time on market
- On the market for 238 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Camosun · Data source: CREA DDF.
Description
Rare 2.17-acre development and holding opportunity in the Municipality of North Cowichan, located within a rapidly evolving residential growth area near Berkey’s Corner. The property is currently zoned R3 – One and Two-Family Residential, allowing a wide range of permitted uses including single- and two-family dwellings, secondary suites, multi-family residential, assisted living, community care facilities, supportive housing, accessory dwelling units, and home-based businesses, subject to municipal regulations. The site is designated Village Residential in the North Cowichan Official Community Plan—an urban designation intended to accommodate significant new housing growth. The OCP supports medium-density, multi-family development, including apartments, condominiums, townhouses, and rowhouse forms, with typical building heights of 3–5 storeys and potential consideration for additional height in appropriate locations, subject to approvals. Low-density subdivision is not supported under this designation, reinforcing the site’s long-term multifamily development potential. This parcel offers flexibility for immediate development under existing zoning, subdivision, or long-term redevelopment through rezoning in alignment with OCP policies. Well positioned within a walkable, growth-oriented planning area, this property represents an exceptional opportunity for developers and land investors seeking exposure to North Cowichan’s future residential expansion. All development potential subject to municipal review and approvals. (id:63159)
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
30
4/9 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
| School | Type | Distance |
|---|---|---|
| Ecole Mount Prevost Elementary | Elementary | 854 m |
| Tansor Elementary | Elementary | 1.3 km |
| Drinkwater Elementary | Elementary | 1.4 km |
| Queen Margaret's(Independent) | K-12 | 1.4 km |
| Cowichan Valley Open Learning Co-Op | Secondary | 1.7 km |
| Cowichan Open School | Secondary | 1.7 km |
| Khowhemun Elementary | Elementary | 1.9 km |
| Quamichan School | Secondary | 3.3 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
Cafes (2)
- Tim Hortons · 3320 Cowichan Lake Road451 m
- Sundays Coffee and Provisions · 6114 Somenos Road522 m
Grocery (1)
- Country Grocer · 3288 Cowichan Lake Road369 m
Parks (5+)
- Rockridge Park301 m
- Cowichan Valley Trail430 m
- Keystone Park619 m
- Marsh Road Park655 m
- Sherman Road Soccer Park665 m
Pharmacies (1)
- The Medicine Shoppe · 3292 Cowichan Lake Road392 m
Nearby places data: © OpenStreetMap contributors.
School district: Cowichan (SD79)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($360,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.