Property Type: Land / LotOwnership: Freehold

172 South Shore Rd

Lake Cowichan, BC V0R2G0

$275,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
7,200 square feet
Zoning
Residential

7-R-7

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,808

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Features
Street

Listing Information

MLS®
1043260
Listed
July 14, 2026
Time on market
On the market for 48 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Generation (LC) · Data source: CREA DDF.

Description

This centrally -located, level lot is ready for investment! Right beside the Lake Cowichan School and across from Saywell Park, you couldn't ask for a better location. Zoning allows for dedicated rental space. Easy walk to most amenities; restaurants, pharmacy, swimming and boating fun. Lake Cowichan is a short 20 minute ride to the new hospital in Duncan and all the big stores. The town offers what everyone is looking for, a fresh, clean environment with the conveniences of modern living. The lot next door to this is also for sale and should be considered for combined purchase. (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.

Population

3,325

(2021 Census)

+3.1% since 2016

Density: 403.5/km²

Dwellings: 1,586

Median household income: $68,000

After-tax: $62,400

Immigrant population: 7.7%

Top countries of origin (% of total population)

  • United Kingdom3.2% · 105
  • United States of America0.9% · 30
  • Germany0.6% · 20
  • South Africa, Republic of0.5% · 15
  • India0.5% · 15
  • Poland0.3% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

44

5/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Lake Cowichan ElementaryElementary19 m
Lake Cowichan SecondaryElementary19 m
Palsson ElementaryElementary940 m
Tansor ElementaryElementary22.5 km
Ecole Mount Prevost ElementaryElementary23.9 km
Drinkwater ElementaryElementary24.5 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.

Nearby Places

Restaurants (4)

  • J&V Diner · 162 South Shore Road54 m
  • Jake's at the Lake · 109 South Shore Road269 m
  • Shaker Mill · 72 Cowichan Lake Road730 m
  • Lakeside Sushi · 78 Cowichan Lake Road747 m

Cafes (3)

  • Ed's Coffee House · 67 South Shore Road383 m
  • River Cafe · 56 South Shore Road625 m
  • Tim Hortons711 m

Parks (5+)

  • Beaver Creek Rhododendron Park171 m
  • Unnamed206 m
  • Saywell Park220 m
  • Ts'uubaa-asatx Square346 m
  • Unnamed364 m

Shopping (1)

  • Fields515 m

Pharmacies (1)

  • Island Pharmacy · 138 South Shore Road170 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$220,000.00
Periodic payment — Principal & Interest (monthly)$1,419.37
Additional monthly expenses (strata, tax, utilities, etc.)$234.00
Total monthly cost$1,653.37
Interest paid over 5-yr term$63,052.63
Balance at end of term$197,890.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.92

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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