For Sale · Land

167 River Rd, Lake Cowichan

167 River Rd, Lake Cowichan, BC V0R2G0

$170,000 total

—

Asset Class

Land

Size

—

Building class

A

Zoning

AG — Agricultural

$ / SF

—

Occupancy

91%

Lot Size

0.36818181818181817 ac

About this property

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. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$170K
Down payment30% · $51K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$785

Projected NOI

$9K

Annual cash flow

$-867

Cash-on-cash

-1.70%

DSCR

0.91

Going-in cap

5.03%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

56,447

Households

19,952

Median income

$91,500

Median age

44

Daytime population

85,252

5-yr growth

8.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 167 River Rd, Lake Cowichan.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.