Property Type: Land / LotOwnership: Freehold

Block 200 Hudgrove Rd

Lake Cowichan, BC V0R2G0

$12,800,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
380.13 acres
Zoning
Other

CD-1

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$40,520

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Parking

Features
Open

Listing Information

MLS®
1029056
Listed
March 20, 2026
Time on market
On the market for 164 days
Data last synced
August 28, 2026

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

Description

380 Contiguous Acres within the Town of Lake Cowichan's boundaries. Single title. The land use plan used to secure CD1 zoning is quite extensive, detailed and available. There is still an opportunity to incorporate your own ideas as we are currently working with the Town to come to a collaborative win win. The property has abundant water, including a very beautiful lake, approximately 12 ft deep. We can arrange a time to view upon request. Lake Cowichan is a beautiful, safe, small town which has been recently discovered as a recreational destination. Bring council your recommendations and creative ideas. CD1 zoning has the most flexible bylaws and is intended for a mixture of uses using an integrated plan. Please ask for an information package. (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.

Nearby Schools

SchoolTypeDistance
Palsson ElementaryElementary2.4 km
Lake Cowichan SecondaryElementary2.6 km
Lake Cowichan ElementaryElementary2.6 km
Tansor ElementaryElementary19.9 km
Ecole Mount Prevost ElementaryElementary21.3 km
Drinkwater ElementaryElementary21.9 km
Queen Margaret's(Independent)K-1222.5 km
Cowichan Open SchoolSecondary22.8 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: 20.0% ($2,560,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$10,240,000.00
Periodic payment — Principal & Interest (monthly)$66,065.01
Additional monthly expenses (strata, tax, utilities, etc.)$3,376.67
Total monthly cost$69,441.67
Interest paid over 5-yr term$2,934,813.43
Balance at end of term$9,210,913.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$2,560,000
Stress test qualifying rate8.09%
Payment you must qualify for$78,742.02

Cash Needed at Closing

Minimum down payment$2,560,000
Estimated BC PTT$558,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$3,119,500

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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