About this home

Welcome to 4939 Waters Road, an immaculate custom-built equestrian estate thoughtfully designed with every detail in mind. Set on 19+ flat, usable acres, this 6 bed, 6 bath, 5,700+ sq ft modern farmhouse blends luxury and functionality, complete with two suites ideal for extended family, guests, or added income. Built to the highest standard, the home features heated concrete floors throughout, a chef’s kitchen, main floor office and library, seamless indoor-outdoor living, and a hot tub perfectly positioned to take in the stunning property views. The expansive primary suite overlooks the manicured grounds with a spa-inspired ensuite. The custom barn, built from wood sourced directly from the property, is a horse enthusiast’s dream with 8 stalls, tack room, second-floor hay storage, and a framed 2 bed, 2 bath suite above. Two riding rings, expansive grazing areas, a natural pond, and additional stables complete this exceptional offering where rural charm meets modern equestrian living

Home facts

Bedrooms: 6
Bathrooms: 6 full
Interior: 5,745 sq ft
Year built: 2019
Parking: 20
Property type: Single Family
Garage: Yes
Carport: Yes
Fireplaces: 3
Area: Cowichan Station/Glenora
Listed: May 15, 2026
Structure: House
PID: 004-177-975
Common interest: Freehold

Highlights

Mountain view
Hot tub

Features and inclusions

Appliances: Hot Tub
Heating: Other
Cooling: None
Parking: Attached Garage, Carport
Lot: Acreage

Rooms and building

Water
Zoning: Agricultural

Listed by Engel & Volkers Vancouver Island. Last updated Sep 29, 2026, 2:40 PM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $22,514
Property tax: $1,383/mo
Home insurance: $150/mo
Estimated monthly total: $24,047

Purchase snapshot

List price: $4,750,000
Down payment: $950,000 (20%)
Estimated mortgage: $3,800,000

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Borrowing costs

What money costs right now

The rates behind any payment estimate on this page.

Prime rate: 4.45%; Variable mortgages are quoted against this.
5 year bond yield: 3.68%; Fixed mortgage pricing follows this.
Policy rate: 2.25%; Set by the Bank of Canada.

These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.

Source: Bank of Canada. As of 2026-09-29

Property tax

What the tax bill looks like

Municipal, regional, hospital and school rates combined.

Estimated annual tax: $33,112; At 6.9710 per $1,000 of assessed value.

Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.

Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01

Neighbourhood

Open the map

Walk to Country Grocer1h 18m

Bike to nearest SkyTrain station24 min

Walk to nearest SkyTrain station1h 20m

Drive to downtown Vancouver3h 2m

Estimated travel times. Map data © OpenStreetMap contributors.

Land and hazards

What the maps say about this land

Provincial designations and mapped natural hazards at this location.

Agricultural Land Reserve: In the ALR; Provincial farmland protection restricts subdivision and non-farm use.
Wildfire interface: Moderate risk; In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.

Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.

Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)

Most listed

Detached · 67%

Homes for sale nearby, by type

Detached28 for sale

Land5 for sale

Townhouse4 for sale

Mobile home3 for sale

Duplex2 for sale

Active listings within 5 km of this home.

Homes built in Cowichan Valley E, by type

Single-detached92.9% · 260

Movable dwelling5.4% · 15

Semi-detached1.8% · 5

Source: Statistics Canada, 2021 Census of Population. 280 dwellings.

Who lives here

Statistics Canada area 59190171 · Cowichan Valley E

Median age: 44
Renter households: 21%
Average household size: 2.5
Median household income: $87,000

Population (2021): 757
Median rent: $1,440
Owner shelter cost: $1,440
30%+ of income on shelter: 19%
Owner households: 77%
Households with kids: 34%
Immigrants: 6%
Post-secondary: 53%
Average home value (2021): $900,000

Breakdown

$5,000 to $9,9991.8% · 5

$15,000 to $19,9991.8% · 5

$20,000 to $24,9991.8% · 5

$25,000 to $29,9991.8% · 5

$30,000 to $34,9993.6% · 10

$35,000 to $39,9993.6% · 10

$40,000 to $44,9995.5% · 15

$45,000 to $49,9993.6% · 10

$50,000 to $59,9999.1% · 25

$60,000 to $69,9997.3% · 20

$70,000 to $79,9997.3% · 20

$80,000 to $89,9995.5% · 15

$90,000 to $99,9991.8% · 5

$100,000 to $124,99916.4% · 45

$125,000 to $149,99910.9% · 30

$150,000 to $199,99910.9% · 30

$200,000 and over7.3% · 20

Source: Statistics Canada, 2021 Census Profile, dissemination area 59190171.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.

Availability is not guaranteed. Review documents with a professional.