- Active
172 South Shore Road
Lake Cowichan · Vacant Land
- Lot size
- 7,200 ft²
Listed by RE/MAX Generation (LC) · MLS® 1043260
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
This centrally -located, level lot is ready for investment! Right beside the Lake Cowichan School and across from Saywell Park, you couldn't ask for a better location. Zoning allows for dedicated rental space. Easy walk to most amenities; restaurants, pharmacy, swimming and boating fun. Lake Cowichan is a short 20 minute ride to the new hospital in Duncan and all the big stores. The town offers what everyone is looking for, a fresh, clean environment with the conveniences of modern living. The lot next door to this is also for sale and should be considered for combined purchase.
Home facts
- Lot size
- 7,200 sq ft
- Property type
- Vacant Land
- Area
- Lake Cowichan
- Listed
- July 14, 2026
- PID
- 007-657-561
- Common interest
- Freehold
Highlights
- Mountain view
Features and inclusions
- Parking
- Street
- Lot
- Central location, Level lot, Corner Site, 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
- $1,303
- Property tax
- $83/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,537
Purchase snapshot
- List price
- $275,000
- Down payment
- $55,000 (20%)
- Estimated mortgage
- $220,000
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
- $1,778
- 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
- $700 a month
- Gross yield
- 3.1%
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.
- Floodplain
- Mapped floodplain
- Sits in a provincially mapped floodplain. Expect flood-related insurance and financing conditions.
- 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 · 63%
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.
