Property Type: Land / LotOwnership: Freehold

Lot A Fairview Way

Duncan, BC V9L2J4

$999,999

0 bed0 bath20 parking
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Property Details

Property & Lot

Lot size
5.49 acres
Zoning
Residential

Mix Zoning RU-1 & R3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,930.26

Interior

Fireplace
None

Parking

Total spaces
20

Listing Information

MLS®
1036397
Listed
May 11, 2026
Time on market
On the market for 112 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

A rare offering in a central yet scenic setting, this 5.49-acre property is located just minutes from schools, shops, recreation, and downtown Duncan. The property offers a balance of space and accessibility, with a beautiful building site well-suited for a custom home designed to complement the landscape. Private walking trails wind throughout the land, leading to Averill Creek, where a picturesque waterfall enhances the natural surroundings. Split zoning provides flexibility for a variety of uses, including a single-family residence with secondary suite, two-family dwelling, or detached accessory dwelling unit. Located outside the Urban Containment Boundary under the OCP, restrictions on further subdivision and dense development help preserve its character as a desirable lifestyle acreage and long-term investment. Peaceful, private, and rich in natural beauty, this is a truly special property in a highly convenient location. (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

22

3/9 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
Drinkwater ElementaryElementary284 m
Ecole Mount Prevost ElementaryElementary926 m
Queen Margaret's(Independent)K-121.4 km
Cowichan Valley Open Learning Co-OpSecondary1.4 km
Cowichan Open SchoolSecondary1.4 km
Khowhemun ElementaryElementary2.1 km
Alex AitkenElementary2.1 km
Tansor ElementaryElementary2.3 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 (1)

  • Tim Hortons · 2927 Drinkwater Road744 m

Parks (5+)

  • Fairview Park · 6250 Fairview Way41 m
  • Averill Creek Park274 m
  • Quailview Connector Park280 m
  • Ryall Park455 m
  • Moorfield Park · 3125 Moorfield Road481 m

Shopping (2)

  • Canadian Tire · 2929 Green Road445 m
  • Walmart · 3020 Drinkwater Road514 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($75,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$799,999.00
Periodic payment — Principal & Interest (monthly)$5,161.32
Additional monthly expenses (strata, tax, utilities, etc.)$327.52
Total monthly cost$5,488.84
Interest paid over 5-yr term$229,282.01
Balance at end of term$719,601.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$75,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,112.92

Cash Needed at Closing

Minimum down payment$75,000
Estimated BC PTT$18,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,500

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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