Property Type: Detached HouseOwnership: Freehold

533 Mountain View Dr

Lake Cowichan, BC V0R2G1

$899,500

3 bed3 bath4 parking1,615 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
House
Lot size
8,219 square feet
Zoning
Residential

R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,434.04

Interior

Heating
Heat Pump
Cooling / A/C
Fully air conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
4 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
EnsuiteMain level5-Piece
Primary BedroomMain level14'7 x 13'0
BedroomMain level11'5 x 10'11
Mud roomMain level9'0 x 7'11
BathroomMain level4-Piece
BathroomMain level2-Piece
Great roomMain level28'8 x 18'7
PantryMain level7'1 x 4'1
KitchenMain level12'6 x 10'3
BedroomMain level12'0 x 11'8
EntranceMain level7'10 x 6'1

Listing Information

MLS®
1040076
Listed
July 3, 2026
Time on market
On the market for 59 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Island Properties (DU) · Data source: CREA DDF.

Description

Brand New Rancher — The Slopes at Lake Cowichan - This 1,615 sq ft 3-bedroom rancher delivers modern single-level living in one of Vancouver Island's most beloved lake communities. Thoughtfully laid out, the open-concept great room, dining area, and kitchen flow seamlessly together, with a generous walk-in pantry and large windows bringing in abundant natural light. The primary suite is a genuine retreat, complete with a walk-in closet and private ensuite, while two additional bedrooms share a well-appointed main bath and a powder room serves guests with ease. A dedicated mudroom entry connects to the oversized double garage, keeping the everyday organized and out of sight. Outside, the bold mono-pitch roofline and striking mixed siding give this home a contemporary edge that stands out in the neighbourhood. Built new and move-in ready, this is a rare chance to be the first owner in a growing community where lake life and modern comfort come together. (id:63159)

Values & Trends

This listing

$557/sqft

Building average

No other active listings in this building

Lake Cowichan average

$490/sqft

34 active listing(s)

Parking: 4 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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
Palsson ElementaryElementary1.0 km
Lake Cowichan SecondaryElementary2.0 km
Lake Cowichan ElementaryElementary2.0 km
Tansor ElementaryElementary22.3 km
Ladysmith SecondarySecondary23.4 km
Ladysmith PrimaryElementary23.5 km
Ecole Mount Prevost ElementaryElementary23.7 km
Ladysmith IntermediateElementary23.9 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

Parks (3)

  • Unnamed288 m
  • Unnamed374 m
  • Winter Park402 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,600.00
Periodic payment — Principal & Interest (monthly)$4,642.62
Additional monthly expenses (strata, tax, utilities, etc.)$283.84
Total monthly cost$4,926.45
Interest paid over 5-yr term$206,239.43
Balance at end of term$647,282.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,950
Stress test qualifying rate8.09%
Payment you must qualify for$6,417.40

Cash Needed at Closing

Minimum down payment$64,950
Estimated BC PTT$15,990
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,440

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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