1003 Cedarwood Pl
$489,000
Cobble Hill
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About this home
Opportunity awaits at 1003 Cedarwood Place in beautiful Cobble Hill. This property an excellent option for those looking to build a new home in an established neighbourhood on a private cul-de-sac. The value is in the land, location and future potential of this .7 acre rural and private lot with septic and well in place. Cobble Hill is loved for its peaceful rural setting, sense of community and access to outdoor recreation. Enjoy nearby hiking, mountain biking and equestrian trails at Cobble Hill Mountain, along with local parks, golf, wineries, farm stands and the natural beauty of South Cowichan. Families appreciate access to nearby schools, while Shawnigan Lake, Mill Bay and Cowichan Bay are all just a short drive away. Whether you are looking to create a family home, peaceful retreat or long-term investment, this property offers a rare chance to build something new in one of Vancouver Island’s most desirable rural communities. The mobile home is decommissioned and not inhabitable. (id:65179)
Property details
From the listing's public record.
Lot size
0.70 acres
Year built
1973
Taxes
$3,033/yr
Zoning
Residential
Parking
Lot
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Sep 13, 2026
Listed $489,000
Active7 days on marketMLS 1049558
How this listing compares
Based on 11 sales in Malahat & AreaMedian sold
$950,000
Avg days on market
91 days
Avg sale-to-list
92.4%
Avg $/sqft
—
Current market in Malahat & Area
Active (same type)
19
Pending
0
All active listings
135
Months of supply
20.7
Buyer's market — 20.7 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$573,000
Homes in Malahat & Area sell at 431.4% of assessed value on average.
Based on 11 recent sales.
Recent nearby sales
4 sales2871 Whiskey Point Rd
$1,850,000
— · — · — · 25 days on market
Sold Aug 11, 2026 · 109% of list
1894 Lakewood Rd
$825,000
— · — · — · 64 days on market
Sold May 6, 2026 · 68.8% of list
0 Trans Canada Hwy
$1,300,000
— · — · — · 44 days on market
Sold Apr 15, 2026 · 92.9% of list
Lot 11 Thain Rd
$950,000
— · — · — · 285 days on market
Sold Apr 15, 2026 · 86.4% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$489,000 − $97,800
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$107,080
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Pemberton Holmes - Westshore