Property Type: Land / LotOwnership: Freehold

LT 1 Khenipsen Rd

Cowichan Bay, BC

$1,195,000

0 bed0 bath20 parking
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Property Details

Property & Lot

Lot size
33.75 acres
Zoning
Agricultural

A3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,313

Interior

Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Total spaces
20

Listing Information

MLS®
1029765
Listed
March 24, 2026
Time on market
On the market for 161 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. (Cow Vall) · Data source: CREA DDF.

Description

Perched on the sun-drenched southern slopes of Mt. Tzouhalem, this exceptional 33+ acre estate offers unspoiled scenic splendour with sweeping 180-degree ocean and valley views over Cowichan Bay. A rare opportunity for discerning lifestyle and legacy buyers alike seeking privacy, peace, and a truly special setting. Full road access leads to multiple building sites, ideal for creating your dream home, retreat, or off-grid sanctuary. Natural spring and southern exposure support growing potential—perfect for vines and other plants that require plenty of sunlight. Equally suited for recreation, wellness, or long-term investment, this remarkable property blends serenity with convenience, just minutes from amenities. (id:63159)

Location Insights

Weather

Nearest station: Duncan

14°C

Humidity 86%

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.

Nearby Schools

SchoolTypeDistance
Maple Bay ElementaryElementary3.7 km
Queen of Angels School(Independent)Elementary/Middle4.0 km
Bench ElementaryElementary4.3 km
Duncan Christian School(Independent)K-125.1 km
Des CascadesElementary5.1 km
Sunrise Waldorf School(Independent)Elementary/Middle5.1 km
Alexander ElementaryElementary5.5 km
Noorunissa Montessori Academy of Canada(Independent)Elementary5.5 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: 7.9% ($94,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$956,000.00
Periodic payment — Principal & Interest (monthly)$6,167.79
Additional monthly expenses (strata, tax, utilities, etc.)$359.42
Total monthly cost$6,527.20
Interest paid over 5-yr term$273,992.35
Balance at end of term$859,925.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,500
Stress test qualifying rate8.09%
Payment you must qualify for$8,462.46

Cash Needed at Closing

Minimum down payment$94,500
Estimated BC PTT$21,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$117,900

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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