Property Type: Condo / ApartmentOwnership: Strata

7 8631 South Shore Rd

Lake Cowichan, BC V0R2G0

$509,000

1 bed1 bath1 parking981 sqftBuilt 2020
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Property Details

Property & Lot

Sub-type
Recreational
Lot size
3,200 square feet
Zoning
Residential

C-4

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$362/mo
Annual property tax
$35,274

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view
Waterfront
Waterfront on lake

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
EntranceMain level5'4
LoftSecond level
BathroomMain level8'4 x 9'5
Laundry roomMain level
Primary BedroomMain level12'7
Great roomMain level

Listing Information

MLS®
1044599
Listed
July 29, 2026
Time on market
On the market for 33 days
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty (Dunc) · Data source: CREA DDF.

Description

Experience lakeside living at its finest with this stunning log cabin at Beaver Lake Resort! Become a 1/50th shareholder in this sought-after waterfront community and enjoy breathtaking lake views from the great room (with floor to ceiling windows, large covered front deck (26'x8') steps to the lake. This spacious cabin offers a large main-floor primary bedroom, soaring vaulted ceilings, and an expansive loft with a ton of room to accommodate family and friends. The primary bedroom is plumbed for a future ensuite, and you'll love the private covered patio. Resort amenities include a clubhouse with laundry, change rooms, washrooms, games area, workshop. There playground, and beautifully maintained green space & secure electric gated access. Enjoy swimming, kayaking, canoeing, and electric boating on Beaver Lake. A wonderful recreational getaway or investment opportunity with shareholder occupancy rules allowing guests and renters to stay up to 22 weeks per year. (id:63159)

Values & Trends

This listing

$519/sqft

Building average

$616/sqft

3 active listing(s)

Lake Cowichan average

$607/sqft

13 active listing(s)

Parking: 1 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 ElementaryElementary2.0 km
Lake Cowichan SecondaryElementary2.0 km
Palsson ElementaryElementary2.8 km
Tansor ElementaryElementary24.0 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

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($25,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$407,200.00
Periodic payment — Principal & Interest (monthly)$2,627.12
Additional monthly expenses (strata, tax, utilities, etc.)$3,350.50
Total monthly cost$5,977.62
Interest paid over 5-yr term$116,704.69
Balance at end of term$366,277.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$25,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,714.87

Cash Needed at Closing

Minimum down payment$25,900
Estimated BC PTT$8,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$35,580

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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