149 Cowichan Lake Rd, Lake Cowichan149 Cowichan Lake Rd, Lake Cowichan — photo 2149 Cowichan Lake Rd, Lake Cowichan — photo 3149 Cowichan Lake Rd, Lake Cowichan — photo 4149 Cowichan Lake Rd, Lake Cowichan — photo 5149 Cowichan Lake Rd, Lake Cowichan — photo 6149 Cowichan Lake Rd, Lake Cowichan — photo 7149 Cowichan Lake Rd, Lake Cowichan — photo 8149 Cowichan Lake Rd, Lake Cowichan — photo 9149 Cowichan Lake Rd, Lake Cowichan — photo 10149 Cowichan Lake Rd, Lake Cowichan — photo 11149 Cowichan Lake Rd, Lake Cowichan — photo 12149 Cowichan Lake Rd, Lake Cowichan — photo 13149 Cowichan Lake Rd, Lake Cowichan — photo 14149 Cowichan Lake Rd, Lake Cowichan — photo 15149 Cowichan Lake Rd, Lake Cowichan — photo 16149 Cowichan Lake Rd, Lake Cowichan — photo 17149 Cowichan Lake Rd, Lake Cowichan — photo 18149 Cowichan Lake Rd, Lake Cowichan — photo 19149 Cowichan Lake Rd, Lake Cowichan — photo 20149 Cowichan Lake Rd, Lake Cowichan — photo 21149 Cowichan Lake Rd, Lake Cowichan — photo 22149 Cowichan Lake Rd, Lake Cowichan — photo 23
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For Sale · Office

149 Cowichan Lake Rd, Lake Cowichan

149 Cowichan Lake Rd, Lake Cowichan, BC V0R2G0

$499,900 total

1,923 SF

Asset Class

Office

Size

1,923 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

$260

Occupancy

91%

Lot Size

0.2334710743801653 ac

About this property

Commercial Opportunity in Lake Cowichan! This C4-zoned property offers an opportunity for an owner-user, investor, or developer. The C4 commercial zoning permits a range of professional and commercial uses, including a professional office, with the potential for a 3-storey building, providing significant future redevelopment possibilities. The property currently features a 200 sq. ft. kiosk built in 1992, ample on-site parking, and an existing residential dwelling configured as a 3-bedroom plus den. Use the existing layout as a 5-office professional workspace or meeting facility, continue with residential use, or explore the many possibilities available through redevelopment. With its high-visibility corner location and commercial zoning, this property presents a unique opportunity. Do not approach the property without an appointment. Buyer to verify all zoning, permitted uses, development potential, and measurements with the appropriate authorities. Price is plus GST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$31K

Annual cash flow

$3K

Cash-on-cash

2.10%

DSCR

1.11

Going-in cap

6.17%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group1,146 SF2032-10
Meridian Health Group612 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

133,100

Households

51,863

Median income

$68,000

Median age

37.6

Daytime population

152,960

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 149 Cowichan Lake 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.