Property Type: Land / LotOwnership: Freehold

Lot 49 Youbou Rd

Youbou, BC V0R3E1

$1,200,000

0 bed0 bath5 parking
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Property Details

Property & Lot

Lot size
1.3 acres
Zoning
Residential

R3

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$6,042.29

Interior

Fireplace
None

Exterior & Lot

View
Lake view
Waterfront
Waterfront on lake

Parking

Total spaces
5

Listing Information

MLS®
995300
Listed
April 14, 2025
Time on market
On the market for 504 days
Data last synced
August 28, 2026

Listing provided by: The Agency · Data source: CREA DDF.

Description

A rare opportunity awaits on Cowichan Lake—1.3 acres of prime, south-facing lakefront property. With spectacular views, full sun exposure, and just minutes from Laketown Ranch, this is an ideal spot for your dream getaway or investment retreat. This picturesque parcel of undeveloped land invites you to create your perfect vacation escape, whether you prefer to be right by the water's edge or nestled against the mountainside. A dock is already in place, ready to accommodate all your water adventures. The Cowichan Lake area offers an idyllic lifestyle immersed in nature, with endless opportunities for boating, fishing, hiking, and biking—plus convenient access to local amenities. All of this is just under an hour from Nanaimo and a little over an hour’s drive to Victoria. Located in CVRD Area I, the property is not subject to speculation tax, and there is no foreign buyer ban in this region, making it an excellent investment in Vancouver Island’s most desirable lakefront location. (id:63159)

Location Insights

Weather

Nearest station: Nanaimo

Partly Cloudy

15°C

Partly Cloudy

Humidity 87%

Wind SW 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

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Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($95,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$960,000.00
Periodic payment — Principal & Interest (monthly)$6,193.59
Additional monthly expenses (strata, tax, utilities, etc.)$503.52
Total monthly cost$6,697.12
Interest paid over 5-yr term$275,138.76
Balance at end of term$863,523.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$95,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,497.06

Cash Needed at Closing

Minimum down payment$95,000
Estimated BC PTT$22,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,500

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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