Property Type: Detached HouseOwnership: Freehold

939 Khenipsen Rd

Cowichan Bay, BC V9L5L3

$1,650,000

3 bed2 bath10 parking1,986 sqftBuilt 1980
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Property Details

Property & Lot

Sub-type
House
Lot size
23 acres
Zoning
Unknown

A-3

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,707.28

Interior

Heating
Heat Pump, Baseboard heaters, Electric, Wood
Cooling / A/C
None, Air Conditioned
Fireplace
Yes (3)

Exterior & Lot

View
Mountain view, Ocean view, Valley view

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
BedroomMain level11'9 x 13'9
BedroomMain level20' x 20'
WorkshopOther26'10 x 12'7
EnsuiteSecond level3-Piece
Primary BedroomSecond level24'8 x 17'2
BathroomMain level3-Piece
Family roomMain level15'2 x 17'7
KitchenMain level16'7 x 8'4
Dining roomMain level15'6 x 9'3
Living roomMain level16'4 x 26'11
EntranceMain level5'10 x 8'7

Listing Information

MLS®
1042693
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada (Vic2) · Data source: CREA DDF.

Description

RARE! Hank Schubart designed home set on 23 pristine, private acres above Cowichan Bay, offering sweeping ocean, valley, and mountain views from nearly every room. Deep overhangs float above walls of glass, & low rooflines trace the land's contours, as if the house grew from the hillside. Inside, exposed fir beams and rusticated stone fireplaces anchor sun-filled living spaces, while terracotta tile and reclaimed hardwood carry warmth throughout. The kitchen, bathrooms, and decks have been updated over the years, blending comfort with the home's original character. Skylights wash the great room in light, and the kitchen opens onto expansive decks for entertaining. Upstairs, the primary suite sits beneath vaulted wood ceilings with its own own valley & ocean views. A log bunkhouse on stilts & a log workshop extend the setting into the forest. Henry ''Hank'' Schubart (1916–1998) was an American-Canadian architect whose life reads like an origin story for West Coast design. Inspired as a teenager by Frank Lloyd Wright's autobiography, Schubart wrote to Wright and was accepted into his Taliesin fellowship, tuition waived. He later co-founded a San Francisco firm before moving his family to Salt Spring Island in the late 1960s, drawn by a commission and a wish to raise his sons away from the Vietnam War draft. Over the next three decades, he became the island's beloved community architect, designing over 230 homes known as ''Hank's Houses.'' His style took Wright's Prairie horizontals and reimagined them for the coast, substituting the flat prairie line for the line of the sea. He was renowned for his gift of siting, nestling each home into its landscape so it felt native to the forest, with exposed cedar, expansive glass, and rusticated stone as his signature. A genuine Schubart house rarely comes to market, let alone outside Salt Spring Island. To find one intact on 23 acres above Cowichan Bay is exceptional — not a house built in his style, but one of his own. (id:63159)

Values & Trends

This listing

$831/sqft

Building average

No other active listings in this building

Cowichan Bay average

$548/sqft

17 active listing(s)

Parking: 10 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

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.

Nearby Schools

SchoolTypeDistance
Bench ElementaryElementary3.7 km
Maple Bay ElementaryElementary4.4 km
Queen of Angels School(Independent)Elementary/Middle5.0 km
Sunrise Waldorf School(Independent)Elementary/Middle5.1 km
Duncan Christian School(Independent)K-126.1 km
Des CascadesElementary6.1 km
Noorunissa Montessori Academy of Canada(Independent)Elementary6.2 km
Alexander ElementaryElementary6.5 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% ($330,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,320,000.00
Periodic payment — Principal & Interest (monthly)$8,516.19
Additional monthly expenses (strata, tax, utilities, etc.)$824.61
Total monthly cost$9,340.80
Interest paid over 5-yr term$378,315.79
Balance at end of term$1,187,344.27

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$330,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,150.34

Cash Needed at Closing

Minimum down payment$330,000
Estimated BC PTT$31,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$362,500

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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