Lake Cowichan · V0R2G0
$2,682/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Welcome to Penny Lane, a charming 2020 built home on the shores of the Cowichan River in historic Lake Cowichan. This bright and modern 2-bedroom, 2-bathroom home offers open concept living with a functional layout. The main level features a cute kitchen and living area, one bedroom with Murphy bed, and a powder room. Step outside to your private, fully fenced patio with a covered roof, perfect for year-round enjoyment. Upstairs you'll find the primary bedroom, full bathroom, and convenient laundry. Large windows throughout fill the home with natural light. Recent updates include new appliances, a ductless heat pump, and refreshed front landscaping. Enjoy access to the strata's shared riverfront dock, ideal for swimming, tubing and watching all the happenings on the river. Located within walking distance to town and with easy access to the Cowichan Valley Trail, this home is perfect as a full-time residence, weekend getaway, or investment property.
2
Beds
804 ft²
Floor area
2020
Year built
Single Family
Type
Lake Cowichan
Area
Listed
June 24, 2026
Nearby & Commute
5 min
walk to Country Grocer
1h 54m
bike to Alderlea Station
6h 20m
walk to Alderlea Station
3h 23m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 60%
| Detached | 35 | 60.3% |
| Land | 10 | 17.2% |
| Duplex | 3 | 5.2% |
| Mobile home | 3 | 5.2% |
| Townhouse | 3 | 5.2% |
| Other | 4 | 6.9% |
| $15,000 to $19,999 | 10 | 3.0% |
| $20,000 to $24,999 | 15 | 4.5% |
| $25,000 to $29,999 | 10 | 3.0% |
| $30,000 to $34,999 | 15 | 4.5% |
| $35,000 to $39,999 | 15 | 4.5% |
| $40,000 to $44,999 | 10 | 3.0% |
| $45,000 to $49,999 | 25 | 7.5% |
| $50,000 to $59,999 | 30 | 9.0% |
| $60,000 to $69,999 | 25 | 7.5% |
| $70,000 to $79,999 | 25 | 7.5% |
| $80,000 to $89,999 | 35 | 10.4% |
| $90,000 to $99,999 | 20 | 6.0% |
| $100,000 to $124,999 | 45 | 13.4% |
| $125,000 to $149,999 | 35 | 10.4% |
| $150,000 to $199,999 | 10 | 3.0% |
| $200,000 and over | 10 | 3.0% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
Request the due-diligence package
Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$2,682
Principal and interest
Calculated estimate
$2,382
Property tax
Calculated estimate
$150/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$515,000
Down payment
Calculated estimate
$103,000 (20%)
Estimated mortgage
Calculated estimate
$412,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$2,682
/mo
Rate
%
Amortization
Principal and interest
$2,382
Property tax (est.)
$150
P&I
Tax
Down payment
$103,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $103,000 down (20%) on $515,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Sits in a provincially mapped floodplain. Expect flood-related insurance and financing conditions.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
At 6.2751 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
