- Active
474 Point Ideal Drive
Lake Cowichan · Vacant Land
- Lot size
- 12,196 ft²
Listed by Pemberton Holmes Ltd. (Lk Cow) · MLS® 1034969
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Sign inAbout this home
Set within prestigious Point Ideal in beautiful Lake Cowichan, this 0.29-acre building lot offers a perfect canvas for your dream home. Surrounded by a premier development of luxury residences, enjoy stunning lake & mountain views in a peaceful, lakeside neighbourhood. The lot is mostly level with municipal water & sewer services at the lot line & offers easy lake access. You’ll be just moments from swimming, boating, & endless West Coast outdoor recreation. Lake Cowichan offers a full range of amenities, including shops, restaurants, schools, parks, & essential services, in a relaxed, small-town atmosphere. A perfect blend of convenience & outdoor lifestyle, with some of Vancouver Island’s best recreation right at your doorstep. Whether you’re looking to build a full-time residence or a serene getaway, this property combines natural beauty with modern servicing in one of the area’s most desirable locations. Don’t miss your opportunity to secure a prime piece of Lake Cowichan living.
Home facts
- Lot size
- 12,196 sq ft
- Property type
- Vacant Land
- Area
- Lake Cowichan
- Listed
- May 7, 2026
- PID
- 025-099-281
- Common interest
- Freehold
Highlights
- Mountain view
Features and inclusions
- Lot
- Central location, 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
- $1,232
- Property tax
- $75/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,457
Purchase snapshot
- List price
- $259,900
- Down payment
- $51,980 (20%)
- Estimated mortgage
- $207,920
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
- $1,681
- 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
- 3.0%
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 · 65%
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.
