Property Type: Land / LotOwnership: Freehold

96 Cowichan Ave

Lake Cowichan, BC V0R2G0

$285,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
7,200 square feet
Zoning
Residential

7-R-7

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,025

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Features
Street

Listing Information

MLS®
1043256
Listed
July 14, 2026
Time on market
On the market for 48 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Generation (LC) · Data source: CREA DDF.

Description

This centrally -located, level lot is ready for investment! Right beside the Lake Cowichan School and across from Saywell Park, you couldn't ask for a better location. Zoning allows for dedicated rental space. Easy walk to most amenities; restaurants, pharmacy, swimming and boating fun. Lake Cowichan is a short 20 minute ride to the new hospital in Duncan and all the big stores. The town offers what everyone is looking for, a fresh, clean environment with the conveniences of modern living. Entry from Cowichan or South Shore. The lot next door to this is also for sale and should be considered for combined purchase. (id:63159)

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

48

5/9 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 ElementaryElementary37 m
Lake Cowichan SecondaryElementary37 m
Palsson ElementaryElementary916 m
Tansor ElementaryElementary22.5 km
Ecole Mount Prevost ElementaryElementary23.9 km
Drinkwater ElementaryElementary24.5 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 (4)

  • J&V Diner · 162 South Shore Road33 m
  • Jake's at the Lake · 109 South Shore Road250 m
  • Shaker Mill · 72 Cowichan Lake Road707 m
  • Lakeside Sushi · 78 Cowichan Lake Road724 m

Cafes (3)

  • Ed's Coffee House · 67 South Shore Road360 m
  • River Cafe · 56 South Shore Road602 m
  • Tim Hortons687 m

Parks (5+)

  • Beaver Creek Rhododendron Park174 m
  • Saywell Park210 m
  • Unnamed226 m
  • Ts'uubaa-asatx Square323 m
  • Forest Workers Memorial Park343 m

Shopping (1)

  • Fields490 m

Pharmacies (1)

  • Island Pharmacy · 138 South Shore Road149 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$228,000.00
Periodic payment — Principal & Interest (monthly)$1,470.98
Additional monthly expenses (strata, tax, utilities, etc.)$252.08
Total monthly cost$1,723.06
Interest paid over 5-yr term$65,345.46
Balance at end of term$205,086.74

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,250
Stress test qualifying rate8.09%
Payment you must qualify for$2,081.97

Cash Needed at Closing

Minimum down payment$14,250
Estimated BC PTT$3,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,450

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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