- Active
167 River Road
Lake Cowichan · Vacant Land
- Lot size
- 16,038 ft²
Listed by RE/MAX Generation (LC) · MLS® 1007542
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
Nestle yourself in the trees overlooking the beautiful little settlement of Lake Cowichan. Witness the lazy heritage Cowichan River as it meanders its way through the heart of the town. This lot is a good size for a home and outbuildings and should be easy to create maximum privacy. Wonderful sunrises stretch down the Cowichan Valley to greet you in the morning. It never gets old! Two blocks from ‘the Duck Pond’, a local beach where many have learned to swim, and three blocks from the public boat launch, which allows you access to all the wonderful things Cowichan Lake has to offer. The town is conveniently located 20 min from most of the big box stores in Duncan, 45 min to world class fishing in Port Renfrew and just over an hour to Victoria. Just far enough off the beaten track to give you that peaceful feeling of coming home.
Home facts
- Lot size
- 16,038 sq ft
- Parking
- 6
- Property type
- Vacant Land
- Area
- Lake Cowichan
- Listed
- July 15, 2025
- PID
- 023-349-034
- Common interest
- Freehold
Features and inclusions
- Parking
- Open
- Lot
- Central location, Hillside, Southern exposure, 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
- $877
- Property tax
- $50/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,077
Purchase snapshot
- List price
- $185,000
- Down payment
- $37,000 (20%)
- Estimated mortgage
- $148,000
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
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $1,196
- At 6.4670 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.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $644 a month
- Gross yield
- 4.2%
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
- High 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 · 66%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.