Property Type: OtherOwnership: Leasehold

4 1705 Cowichan Bay Rd

Cowichan Bay, BC V0R1N2

$535,000

3 bed2 bath1,414 sqftBuilt 1980
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Property Details

Property & Lot

Sub-type
Floathome
Zoning
Residential

Ownership & Fees

Property type
Other
Ownership
Leasehold
Strata / maintenance fee
$1,013/mo
Annual property tax
$800.58

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Features
Street

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BalconySecond level10'1 x 14'11
OtherSecond level13'1 x 5'1
Family roomSecond level10'9 x 10'3
BedroomSecond level10'7 x 10'2
EnsuiteSecond level3-Piece
Primary BedroomSecond level10'8 x 11'3
Living roomMain level14'1 x 14'6
Eating areaMain level6'3 x 10'5
KitchenMain level9'7 x 10'1
Dining roomMain level9'7 x 10'2
BathroomMain level3-Piece
BedroomMain level9'2 x 10'1

Listing Information

MLS®
1036942
Listed
May 15, 2026
Time on market
On the market for 109 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Nanaimo Realty LD · Data source: CREA DDF.

Description

Experience waterfront living at its finest with this exceptional float home at the Masthead Marina in Cowichan Bay. This 3-bedroom, 2-bathroom home offers a comfortable and functional layout with a bright open-concept living area, skylights, and beautiful ocean views throughout. The upper level features the primary bedroom with ensuite, an additional guest bedroom, flexible bonus spaces, and access to a rooftop deck — the perfect place to enjoy morning coffee or evening sunsets over the bay. The lower level includes another guest bedroom, full bathroom with laundry, spacious living and dining areas, and a large kitchen that opens onto a substantial covered deck designed for year-round enjoyment. Recent updates provide peace of mind and added comfort, including newer appliances, propane fireplace, roof and soffits, hot water tank, newer windows, plumbing and electrical upgrades. The heatpump provides economical heating and cooling comfort. Located in the heart of Cowichan Bay, you’re just steps from local shops, cafés, marinas, and hiking trails, offering a relaxed West Coast lifestyle in a vibrant waterfront community. Option to purchase furnished. (id:63159)

Values & Trends

This listing

$378/sqft

Building average

No other active listings in this building

Cowichan Bay average

$326/sqft

3 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

3/9 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
Bench ElementaryElementary1.5 km
Sunrise Waldorf School(Independent)Elementary/Middle2.9 km
Noorunissa Montessori Academy of Canada(Independent)Elementary5.6 km
Ecole Cobble Hill ElementaryElementary5.8 km
Queen of Angels School(Independent)Elementary/Middle6.1 km
Evergreen Independent School(Independent)Elementary6.1 km
Maple Bay ElementaryElementary6.5 km
Des CascadesElementary6.6 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 (3)

  • The Masthead88 m
  • Rock Cod Cafe233 m
  • The Vine287 m

Cafes (1)

  • The Udder Guys302 m

Parks (5+)

  • Cowichan Bay Village Walkway162 m
  • Botwood Lane Park195 m
  • Kennedy Lane Pathway294 m
  • Stephanies Stroll411 m
  • Cowichan Bay Boat Launch546 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Similar Listings Nearby

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Mortgage & Ownership Cost Calculator

Minimum required: 5.3% ($28,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$428,000.00
Periodic payment — Principal & Interest (monthly)$2,761.31
Additional monthly expenses (strata, tax, utilities, etc.)$1,150.39
Total monthly cost$3,911.70
Interest paid over 5-yr term$122,666.03
Balance at end of term$384,987.38

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$28,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,894.81

Cash Needed at Closing

Minimum down payment$28,500
Estimated BC PTT$8,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$38,700

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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