Lot 7 Marine Cres

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$499,900

Lot 7 Marine Cres

East Duncan, Duncan · MLS® 1042318

0.96 acres lot · Land · Vacant Land · 117 days on market

listed by Candace Keeling, Maxxam Realty Ltd.

realtor's 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.

property details

type: Land, Vacant Land
lot: 0.96 acres
parking: 0
property tax: $3,840 / yr
days on market: 117
MLS®: 1042318

the market here

listed now: 145 days; median for 22 homes for sale; this one 117 days

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

monthly cost

$2,520/mo

Mortgage $2,200 · Tax $320

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

estimated payment

$2,200/ monthly

loan $399,920

25-year amortization

down payment20% · $99,98020%+ 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: $260,119
property transfer tax: $7,998; BC general rate
cash to close: $107,978; down + PTT
total paid: $660,039

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.