Property Type: Land / LotOwnership: Freehold

Lot B 7531 Cowichan Lake Rd

Lake Cowichan, BC V0R2G0

$465,000

0 bed0 bath
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Property Details

Property & Lot

Lot size
4.94 acres
Zoning
Unknown

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,400

Interior

Fireplace
None

Listing Information

MLS®
1043208
Listed
July 17, 2026
Time on market
On the market for 45 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes Ltd. (Lk Cow) · Data source: CREA DDF.

Description

FIVE ACRES Think of what you could do. This is the Last 5 acre Lot in this amazing new acreage available in a Desirable location 5 mins from Lake Cowichan. This Last approximate 5 acre lots have a drilled well with potable water, septic perk test have been completed and have been approved. This particular lot is treed for privacy and is nestled 15 mins from Duncan and 5 mins to the marina in Lake Cowichan. A quick walk get s you to a beautiful trail system and fishing areas on the Cowichan River These Purposed Lots are flat and are ready for development . Bring your ideas for your new build ! live the Lake lifestyle minutes from all amenities on your own acreage. (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 ElementaryElementary3.5 km
Lake Cowichan SecondaryElementary3.8 km
Lake Cowichan ElementaryElementary3.8 km
Tansor ElementaryElementary18.8 km
Ecole Mount Prevost ElementaryElementary20.2 km
Drinkwater ElementaryElementary20.8 km
Queen Margaret's(Independent)K-1221.4 km
Cowichan Open SchoolSecondary21.7 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$372,000.00
Periodic payment — Principal & Interest (monthly)$2,400.02
Additional monthly expenses (strata, tax, utilities, etc.)$116.67
Total monthly cost$2,516.68
Interest paid over 5-yr term$106,616.27
Balance at end of term$334,615.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,250
Stress test qualifying rate8.09%
Payment you must qualify for$3,396.90

Cash Needed at Closing

Minimum down payment$23,250
Estimated BC PTT$7,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,050

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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