- Active
1591 Cowichan Bay Road
Cowichan Bay · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 964
- Built
- 2025
Listed by Sotheby's International Realty Canada (Vic2) · MLS® 1040549
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Sign inAbout this home
Unique opportunity featuring a fully completed accessory home and a main residence ready for completion. The accessory home has an occupancy permit, full new home warranty, handicap-accessible design, and an automatic standby generator that powers the entire property. It also offers a fully plumbed rooftop terrace and premium finishes throughout. For the main home, the foundation, drainage, and water service are complete, backfilled, fully inspected, and engineer approved. Professional CVRD rainwater mitigation has been installed and signed off for both homes. Plans for the main residence include a rooftop terrace with beautiful water views. The new owner can complete the build to their own specifications while living in the finished accessory home or generating rental income from it.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 964 sq ft
- Lot size
- 11,624 sq ft
- Year built
- 2025
- Parking
- 6
- Property type
- Single Family
- Garage
- Yes
- Area
- Cowichan Bay
- Listed
- June 16, 2026
- Structure
- House
- PID
- 027-601-315
- Common interest
- Freehold
Highlights
- Ocean view
- Mountain view
- Rooftop deck
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave, Freezer
- Heating
- Heat Pump
- Cooling
- Air Conditioned
- Parking
- Garage, RV, Additional Parking
- Lot
- Level lot, Private setting, Irregular lot size, Sloping, Other, Marine Oriented
Rooms and building
- Water
- Zoning
- Residential
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $4,735
- Property tax
- $292/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,177
Purchase snapshot
- List price
- $999,000
- Down payment
- $199,800 (20%)
- Estimated mortgage
- $799,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
For investors
As a rental
- Estimated rent
- $1,200 a month
- Gross yield
- 1.4%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Moderate risk
- 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.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 68%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
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