Lot 7 Marine Cres
Duncan, BC V9L5Y3
$499,900
Property Details
Property & Lot
- Lot size
- 0.96 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,840
Interior
- Fireplace
- None
Exterior & Lot
- View
- Lake view, Mountain view
- Waterfront
- Waterfront on lake
Listing Information
- MLS®
- 1042318
- Listed
- July 5, 2026
- Time on market
- On the market for 58 days
- Data last synced
- August 28, 2026
Listing provided by: Maxxam Realty Ltd. · Data source: CREA DDF.
Description
Build with Confidence – Build-Ready Lot Near Maple Bay Marina | Offered Below Assessed Value Opportunity meets preparation on this exceptional build-ready lot, ideally located just minutes from the highly sought-after Maple Bay Marina. Offered at $499,900—below the current assessed value—this property allows you to skip many of the costly and time-consuming steps of preparing vacant land and start planning your dream home. Significant improvements have already been completed, including a professionally installed septic system (2021) valued at approximately $30,000, professional lot clearing (over $17,000 invested), a recent property survey, and a 2018 geotechnical report. Municipal water has been brought to the lot, with BC Hydro available nearby, making this an outstanding opportunity for buyers looking to build with confidence. The gently sloping property offers a partial ocean view from the upper portion of the lot, providing an ideal setting for a custom home designed to take advantage of the surrounding natural beauty. Flexible A5 zoning offers a variety of possibilities, while the location places you just a short walk from Maple Bay Marina, beaches, scenic hiking trails, and the vibrant waterfront community. Whether you're dreaming of a full-time residence, a West Coast retreat, or a long-term investment, this property combines preparation, location, and lifestyle in one exceptional package. Enjoy boating, kayaking, paddleboarding, hiking, and all that beautiful Maple Bay has to offer—right from your doorstep. (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
4
1/9 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 |
|---|---|---|
| Maple Bay Elementary | Elementary | 2.5 km |
| Queen of Angels School(Independent) | Elementary/Middle | 5.5 km |
| Crofton Elementary Community School | Elementary | 6.3 km |
| Alex Aitken | Elementary | 6.4 km |
| Alexander Elementary | Elementary | 6.6 km |
| Duncan Christian School(Independent) | K-12 | 6.7 km |
| Quamichan School | Secondary | 6.8 km |
| Des Cascades | Elementary | 7.3 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
Parks (1)
- Lakeview Park653 m
Nearby places data: © OpenStreetMap contributors.
School district: Cowichan (SD79)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,995) — 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.