Property Type: Detached HouseOwnership: Leasehold

7146 Elkridge Rd

Lake Cowichan, BC V0R2G0

$969,000

4 bed4 bath4 parking2,484 sqftBuilt 2025
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Property Details

Property & Lot

Sub-type
House
Lot size
4,356 square feet
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Strata / maintenance fee
$0/mo
Annual property tax
$2,100

Interior

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

Exterior & Lot

View
Mountain view

Parking

Total spaces
4

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
Living roomAdditional Accommodation
KitchenAdditional Accommodation
BathroomAdditional Accommodation
BedroomAdditional Accommodation
Laundry roomLower level
BathroomLower level
Family roomLower level
BedroomLower level
EnsuiteMain level
Primary BedroomMain level
BathroomMain level
PantryMain level
BedroomMain level
Living roomMain level
Living room/Dining roomMain level
KitchenMain level
EntranceMain level

Listing Information

MLS®
1021903
Listed
December 17, 2025
Time on market
On the market for 257 days
Data last synced
August 28, 2026

Listing provided by: D.F.H. Real Estate Ltd. (CwnBy) · Data source: CREA DDF.

Description

Just steps from a private beach and marina with no strata fees and a 15-minute walk to town, this newly-built home features 3 bedrooms, 3 bathrooms, and an additional 1-bedroom legal suite, perfect for short-term rentals. Offering over 2480 sqft of well designed living, the property includes a large deck, expansive patio and an optional 24-ft boat slip in the private marina. This custom-designed Aspen plan showcases a contemporary design with ample windows flooding the space in natural light and a large deck built for entertaining. Inside, you’ll find modern soft-close cabinets, quartz countertops, attractive flooring and high ceilings throughout. Located in North Shore Estates on Lake Cowichan First Nation Federal land, the property is available through a 107-year pre-paid head lease and GST is not applicable! Don’t miss your chance to experience lake life here on Cowichan Lake. (id:63159)

Values & Trends

This listing

$390/sqft

Building average

No other active listings in this building

Lake Cowichan average

$495/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
Lake Cowichan ElementaryElementary1.5 km
Lake Cowichan SecondaryElementary1.5 km
Palsson ElementaryElementary1.7 km
Tansor ElementaryElementary23.9 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 (1)

  • Unnamed289 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($71,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$775,200.00
Periodic payment — Principal & Interest (monthly)$5,001.33
Additional monthly expenses (strata, tax, utilities, etc.)$299.00
Total monthly cost$5,300.33
Interest paid over 5-yr term$222,174.55
Balance at end of term$697,294.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$71,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,898.39

Cash Needed at Closing

Minimum down payment$71,900
Estimated BC PTT$17,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$90,780

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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