Property Type: Detached House

50 8631 South Shore Rd

Lake Cowichan, BC V0R2G0

$869,900

5 bed3 bath2 parking5,384 sqftBuilt 2002
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Property Details

Property & Lot

Sub-type
House
Lot size
10.92 acres
Zoning
Residential/Commercial

C-4

Ownership & Fees

Property type
Detached House
Strata / maintenance fee
$4,340/mo
Annual property tax
$35,274.25

Interior

Heating
Heat Pump, Baseboard heaters
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
Lake view
Waterfront
Waterfront on lake

Parking

Total spaces
2 — covered indicated
Features
Carport

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
KitchenMain level19'11 x 20'1
BathroomThird level5-Piece
BathroomMain level4-Piece
BathroomLower level3-Piece
BedroomLower level15'4 x 13'7
BedroomLower level12'8 x 11'6
BedroomMain level15'11 x 17'6
BedroomThird level12'2 x 17'5
BedroomLower level13'8 x 13'5

Listing Information

MLS®
1034528
Listed
May 4, 2026
Time on market
On the market for 119 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada (Vic2) · Data source: CREA DDF.

Description

Who says you can’t have your own little piece of paradise at beaver lake resort. You could become a 1/50th owner in BL RESORT by buying this beautiful 3 storey, 5384 square foot log home. Beaver Lake Resort is located only about two km west of Lake Cowichan and is situated on it’s own little lake with a large beach. Become a permanent resident as lot 50 is the only lot where you can live year long. The taxes shown are for the total BL property and are paid by BL Resort thru the yearly assessment fee to each of the 50 shareholders to maintain the entire property. This home is big enough for a 2 family purchase and has a great family atmosphere. You can have a row boat or electric boat on the lake and catch some of those great little fish. The is a huge grassy area and a playground area for the kids. When you purchase this, there isn’t any ptt tax as it is a share sale, the zoning is C4 tourist commercial. Must be accompanied by a realtor. (id:63159)

Values & Trends

This listing

$162/sqft

Building average

No other active listings in this building

Lake Cowichan average

$502/sqft

34 active listing(s)

Parking: 2 stall(s) includedStorage 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.

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.

Nearby Schools

SchoolTypeDistance
Lake Cowichan ElementaryElementary2.3 km
Lake Cowichan SecondaryElementary2.3 km
Palsson ElementaryElementary3.1 km
Tansor ElementaryElementary24.3 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.

School district: Cowichan (SD79)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($61,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$695,920.00
Periodic payment — Principal & Interest (monthly)$4,489.84
Additional monthly expenses (strata, tax, utilities, etc.)$7,548.52
Total monthly cost$12,038.36
Interest paid over 5-yr term$199,452.67
Balance at end of term$625,982.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$61,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,212.55

Cash Needed at Closing

Minimum down payment$61,990
Estimated BC PTT$15,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,888

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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