5850 Howard Ave

East Duncan, Duncan · MLS® 1043828

15,682 sq ft lot · Land · Vacant Land · 100 days on market

listed by Peter Watts, eXp Realty

realtor's description

Court-ordered sale. Outstanding development opportunity - 2-lot land assembly in Duncan's core, easy walking distance to downtown Duncan and amenities. Must be purchased with 2511 Dingwall Street (MLS # 1043834) for a total of $875,000 and is being sold ''as is, where is''. Subject to Court approval, Schedule A must accompany all offers. Buyers should confirm municipal zoning and available services with the Municipality of North Cowichan.

property details

type: Land, Vacant Land
lot: 15,682 sq ft
parking: 0
property tax: $2,454 / yr
days on market: 100
MLS®: 1043828

the market here

listed now: 145 days; median for 22 homes for sale; this one 100 days

Homes in Duncan. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$402,000	$2,446

The listing shows $2,454 a year in property tax.

Estimate: the BC Assessment value times North Cowichan's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$2,130/mo

Mortgage $1,925 · Tax $205

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,925/ monthly

loan $350,000

25-year amortization

down payment20% · $87,50020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $227,649
property transfer tax: $6,750; BC general rate
cash to close: $94,250; down + PTT
total paid: $577,649

first-time buyernewly built

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 753 m² (8,105 sq ft) · PID 007-471-670. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

East Duncan, DuncanGoogle Maps ↗

good to know

Floodplain
This address is within a designated floodplain on the provincial floodplain maps (Cowichan & Koksilah Rivers). Local rules can set things like minimum floor heights; the municipality can confirm what applies.
Source: Province of BC, Mapped Floodplains in BC

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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